New Orleans accepts $45 million settlement on Deepwater Horizon oil spill

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NEW ORLEANS (WGNO) – Mayor Mitch Landrieu announced Thursday that the City of New Orleans officially accepted a $45 million settlement offer for the economic damages that happened after the Deepwater Horizon oil spill in the Gulf of Mexico in April of 2010.

Louisiana to receive $6.8 billion from BP to settle oil spill claims

The settlement doesn’t include claims, rights, or causes of action that were asserted by the Wisner Donation Trust.

Mayor Landrieu said, “This disaster not only killed 11 people, but it also became the worst environmental disaster in American history.” He went on saying “This settlement is a down payment on our city’s and children’s futures.”

The City will use the settlement funds for resilience initiatives, including water management and coastal and ecosystem restoration.

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