Gulf Of Mexico, Bp Oil Spill Compensation | featured news

BP Deposits $3 Billion in Spill Fund

BP Deposits $3 Billion in Spill Fund

BP said it has made an initial deposit of $3 billion into a $20 billion spill-recovery fund.

Senh: Finally. That's a start, at least, for victims of the oil spill.

 

BP stalling payments to oil spill victims

BP stalling payments to oil spill victims

British energy giant BP Plc is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said on Saturday.

Senh: I don't blame them. They're already spending so much money trying to contain the spill. I think that should still be their main focus. After that, compensate the victims.

 

BP oil spill costs rise above $3 billion

BP oil spill costs rise above $3 billion

BP says that it has now spent more than $3 billion in attempts to stop an oil leak in the Gulf of Mexico and to settle damage claims.

 

BP escrow account will pay claims fast: Feinberg

A $20 billion fund set up by energy giant BP Plc to compensate financial losses due to a big oil spill in the Gulf of Mexico will pay legitimate claims fast, the fund's independent administrator said on Friday.

 

BP 'to fund $20bn spill payouts'

BP 'to fund $20bn spill payouts'

BP is to place $20bn in an independent fund to pay out compensation to victims of the Gulf oil spill, US media report.

 

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