U.S. official says BP spill fines should go to Gulf

Reuters: A large portion of fines that BP Plc may pay for its role in the worst oil spill in U.S. history should go toward fixing the damage caused to Gulf Coast states, a federal official said on Tuesday. Navy Secretary Ray Mabus, who drew up a Gulf Coast recovery plan at the direction of President Barack Obama, said Congress should dedicate "a significant amount" of penalties levied on BP under the Clean Water Act to restoring a region that suffered economic and environmental damage from the ......

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