Tuesday, October 26, 2010

BP (NYSE:BP) Paying $20 Million for Seafood Safety and Marketing

Even though test after test concludes the seafood in the Gulf of Mexico is safe, the public in general isn't completely convinced yet, and businesses are hesitant to buy Gulf seafood as they did before the BP (NYSE:BP) oil spill.

To respond to that effect, BP will pay $20 million, to be spent over a 3-year period, to continue testing of the Gulf of Mexico seafood and to let the public know it is safe to eat through marketing efforts.

Florida Agriculture and Consumer Services Commissioner Charles H. Bronson communicated with BP over the issue three months ago, asking for the additional financial help.

Before the oil spill was capped, the original request had been for $59 million from Bronson.

Approximately 5,300 commercial fisherman work the Florida waters.

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