BP denies Texas a cash advance, gets scathing response

[n2doc]

By Joshua Schneyer – Thu Jul 29, 7:09 pm ET

NEW YORK (Reuters) – Oil giant BP Plc rejected a request from Texas for a $25 million cash advance to clean up shorelines sullied by the Gulf oil spill, and got a scathing response from top Texas officials, according to letters given to Reuters on Thursday.

BP denied a July 5 request from Texas Attorney General Greg Abbott for a $25 million "block grant," similar to cash advances for clean up that BP gave to all other Gulf Coast states, the letter from BP to Abbott showed.

While BP will not grant the cash advance, it promised to pay Texas for clean-up costs as they arise, and pledged $5 million for the Texas Coastal Protection Fund, which is meant for oil spill responses.

Some tar balls linked to BP's Gulf of Mexico spill have hit Texas shores, although damage has so far been small compared to widespread fouling of beaches in other Gulf states.

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http://news.yahoo.com/s/nm/20100729/ts_nm/us_bp_texas_rejection

[Arctic Dave]

1. Hahaha. The oil Corp telling oil central to get bent. Priceless.