Print Version

Attorney General McCollum today sent a letter to BP asking the company to deposit no less than $2.5 billion into an interest-earning escrow account so Florida can be assured of its availability to the state and its citizens and businesses over the long-term recovery period.

“Based on recent estimates from an economist, Florida could ultimately see losses as great as $2.2 billion, as well as a sharp decline in employment in the industries directly impacted by the Deepwater Horizon oil spill,” wrote the Attorney General. “As Florida braces for what will likely be a staggering blow to its economy with significant impacts to our state’s workforce and the revenues of the state and local governments, it is essential that BP establish immediately a dedicated escrow account solely for the purpose of paying claims and damages to Florida and its citizens.”

A copy of the letter is available online at: http://myfloridalegal.com/webfiles.nsf/WF/MRAY-86AQNM/$file/LynchLetter.pdf

If you have any questions or need additional information, please call the Attorney General’s Communications Office at 850.245.0150.