McCollum wants $2.5 billion from BP just in caseby 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.