President Obama has tapped Navy Secretary Ray Mabus, the former Mississippi governor, to formulate “a long-term Gulf Coast restoration plan.”
Details about the plan are not clear, but it’s likely to span several decades. BP also has recently agreed to put $20 billion aside for claims, but the New York Times reported that legal costs could soar to more than $60 billion if criminal charges are filed. Just to put that into perspective, that’s more than double the Corps’ total budget request for fiscal 2011.
And the spill continues!