AG Bondi sues BP, Halliburton for $5.4 billionby Dara Kam | April 23rd, 2013
Attorney General Pam Bondi has sued BP and Halliburton for more than $5.4 billion for lost revenue to the state caused by the 2010 Deepwater Horizon oil blast.
“We know BP has caused a tremendous amount of damage to our state,” Bondi told reporters at a press conference this afternoon. “Millions of barrels of oil were spilled into our Gulf for months and months during the height of tourism season in our state. There is no doubt in my mind that BP must be required to compensate our state for our losses.”
Bondi said she offered the oil giant a deal 90 days ago but received no response. She filed the lawsuit on Saturday, the three-year deadline for lawsuits for damages. The 86-day gusher clotted the Panhandle’s pristine beaches and emerald waters with oil at the onset of the region’s tourist season.
“We had hoped BP would do the right thing and work with us…yet that hasn’t happened,” Bondi said, adding that the state “did not even receive a response” from BP. “It’s astonishing to me considering the harm BP has caused our state and our people. Floridians deserve better and we are going to receive it from BP.”
Bondi said the bulk of the $5.4 billion she is seeking is based on anticipated future losses, mainly sales and use taxes, corporate taxes and documentary stamp taxes from a drop in real estate transactions.