State officials today agreed to pay $28.7 million for a 10,000-acre bear habitat in middle Georgia but still won’t release the appraisals used to determine that value. Houston County values the land at $1,165 an acre for tax purposes. The sellers, who paid $1,600 an acre six years ago before the real estate market collapsed, are selling it to the state for $2,875 an acre. Officials released appraisal summaries that say the property is worth that much, but declined to disclose the full appraisals until the deal is closed.
Officials at the Environmental Protection Agency are considering whether to bar BP from receiving government contracts, a move that would ultimately cost the company billions in revenue and could end its drilling in federally controlled oil fields. Over the past 10 years, BP has paid tens of millions of dollars in fines and been implicated in four separate instances of criminal misconduct that could have prompted this far more serious action. Until now, the company’s executives and their lawyers have fended off such a penalty by promising that BP would change its ways. That strategy may no longer work.