Category Archives: Oil spill Compensation

BP Makes First Deposit to Oil Spill Compensation Fund

News Inferno BP has finally made an initial $3 billion deposit to the Gulf of Mexico oil spill compensation fund. The company said it would make an additional $2 billion deposit in the fourth quarter. According to a report in … Continue reading

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Attorney Mike Papantonio Says BP is a Criminal, Sociopathic and Predatory Corporation

As of July 28, BP has yet to deposit any money in the oil spill compensation fund and Feinberg has stated that he could not begin making payments to businesses and individuals until BP makes a deposit. Kathleen Wells, JD  … Continue reading

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BP Leaves Many Damage Claims Waiting in Limbo

Update: Several hours after this report was published, BP sent out a press release acknowledging that decisions on “several thousand claims” will be deferred until independent administrator Kenneth Feinberg takes over the compensation system. Here is our story [7] about … Continue reading

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Many In Gulf On Road To Uncertain Compensation

“Feinberg says those further down the food chain who are not happy with his offer can try their luck in court. But I don’t think they’re going to win,” he says. “I think they’re on a fool’s mission.” Why do … Continue reading

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Mental Health Claims From Oil Spill Probably Won’t Be Paid

by Sasha Chavkin ProPublica, July 27 BP’s $20 billion fund to compensate those hurt by the Gulf oil spill will probably turn down one controversial class of claims: those for mental health problems. In little-noted testimony [1] before the House … Continue reading

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Complaints over BP’s handling of oil spill compensation

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Feinberg sells compensation fund to spill victims

Feinberg, who is being paid by BP, declined to provide his salary. “That’s something between me and BP,” he said. By FREDERIC J. FROMMER, Associated Press Writer WASHINGTON – The administrator of a $20 billion Gulf oil spill compensation fund … Continue reading

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