The RESTORE Act, which was signed into law earlier this month, could divert billions of dollars...

|By:, SA News Editor

The RESTORE Act, which was signed into law earlier this month, could divert billions of dollars in penalties to the five states hit by BP's (BP) Gulf oil spill: Louisiana, Alabama, Mississippi, Florida and Texas. BP is reportedly trying to settle for $15B, but Louisiana, at least, is happy to take its chances in court in the belief that BP would be ordered to pay much more.