BP Agrees to Fund Construction of Six Sections of Louisiana Barrier Islands


BP today announced that it supports the U.S. government’s decision to proceed with the construction of six sections of the Louisiana barrier islands proposal. The company will fund the estimated $360 million it will cost to construct the six sections.
BP will not manage or contract directly for the construction of the island sections, nor will the company assume any liability for unintended consequences of the project. The company plans to make payments in stages based on the project’s milestones.