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McCollum wants $2.5 billion from BP just in case

by Dara Kam | June 10th, 2010

Attorney General Bill McCollum is asking BP to put $2.5 billion into an interest-earning escrow account to cover the state’s losses from the Deepwater Horizon disaster.

McCollum’s requests is the latest in Florida candidates’ string of demands for cash from the oil giant.

A month ago, state Sen. Dave Aronberg, a Greenacres Democrat running to replace McCollum, asked BP to put at least $1 billion into escrow to cover possible damages.

McCollum and the other Florida Cabinet members were less than pleased with some of British Petroleum Vice President Robert Fryar’s Tuesday appearance before the panel.

Fryar told McCollum he did not know if BP has earmarks any funds to pay claims to Florida government, citizens or businesses resulting from the April 20 disaster.

University of Central Florida economist Sean Snaith recently estimated the impact of the oil disaster on the state’s economy could range from $2.2 billion to nearly $11 billion.

McCollum’s wants BP to put $2.5 billion into a savings account and acknowledge that may not be enough.

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3 Responses to “McCollum wants $2.5 billion from BP just in case”

  1. Never Miss A Chance Says:

    So has McCollum got some scam deal to take his 10% of the top of this like his protege Jim Greer did all the Repub money they collected? You can bet there is a pot of gold at the end of this rainbow! This seasoned corrupt sucker don’t do anything without a good reason.

  2. Muckraker Says:

    My take on McCollum:

    http://www.bloggybayou.com/2010/06/time-for-rpof-to-start-making-plans-to.html

    Cheers

  3. whasup Says:

    $2.5 billion ain’t enough.

    They should have had the BP executive arrested at the Cabinet meeting this week and jailed in lieu of a $5 billion bail!

    The charges: illegal dumping, and tampering with evidence (since BP is paying people to remove oil), and probably some more felonies in Florida law.

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