Will BP Pay $500 Million to Gulf Tourism Group?

Will BP Pay $500 Million to Gulf Tourism Group?

Associated Press today covered a story on more attempts to hold BP accountable for one of the U.S.’s worst disasters that are affecting millions of jobs, lives, the environment. Here’s what the release had to say.

Travel group seeks $500 million for Gulf tourism

WASHINGTON — The head of the U.S. Travel Association is proposing that BP set aside $500 million for a marketing campaign to help draw tourists to the Gulf Coast.

Association president and CEO Roger Dow has made the proposal in prepared testimony to a House panel looking at the oil spill’s impact on tourism.

Dow says in his remarks that a study his group commissioned found the spill could result in lost tourism in coastal areas to the tune of $22.7 billion over three years. He says the $500 million could come from either $20 billion BP has set aside to pay for economic damages or could be added to it.

The New Orleans Metropolitan Convention and Visitors Bureau made a similar proposal last month.

Source: AP