Restoring the economy
Our Gulf Coast economic recovery efforts have focused on paying all legitimate claims and supporting two of the region’s most vital industries – tourism and seafood
Like the rest of the US, the Gulf Coast has experienced slow economic growth over the past decade. The Deepwater Horizon accident in 2010 came amidst this economic strain, to a region that had already been impacted by recent recessions and the costs of rebuilding after multiple hurricanes. In 2012, the Gulf Coast region experienced another hurricane as portions of Louisiana and Mississippi were impacted by Hurricane Isaac.
We are supporting the economy recovery of the region through a variety of programmes:
- Claims information
BP is resolving legitimate claims in Gulf Coast communities stemming from the Deepwater Horizon accident.
- Promoting tourism along the Gulf Coast
According to figures from state and regional tourism organizations, tourism continued to recover strongly in many areas in 2012.
- Seafood industry recovery
Seafood landings are recovering to pre-accident levels, based on government data.
- Community development in the Gulf Coast
BP provides support for a variety of community organizations throughout the region.
The information on this page forms part of the information reviewed and reported on by Ernst & Young as part of BP's 2012 sustainability reporting. View the full assurance statement.