Top Leaderboard, Site wide
Truthdig: Drilling Beneath the Headlines
June 22, 2017 Disclaimer: Please read.

Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.

Senate GOP Releases Obamacare Overhaul to Immediate Criticism From Both Sides of the Aisle

What’s Next for the Bill Cosby Sex-Assault Case?

Truthdig Bazaar
Collected Poems

Collected Poems

By Jack Gilbert

more items

Ear to the Ground
Email this item Print this item

BP Pumps Money Into Relief Fund—It’s No Gusher

Posted on Aug 9, 2010
U.S. Coast Guard / Petty Officer 3rd Class Patrick Kelley

BP has paid $3 billion into the relief fund promised President Obama, including $319 million already paid to victims of the Gulf oil spill, but it will be years before the $20 billion escrow account is fully funded.

It has been estimated that the cost to the Gulf states’ tourism industry alone could reach higher than that amount.

The oil giant says that it has already spent more than $6 billion on cleanup.  —PZS


An additional deposit of $2bn will be made in the fourth quarter by BP, with deposits of $1.25bn being deposited each of the following quarters until the $20bn has been paid in full.

[...] The account will be overseen by lawyer Kenneth Feinberg, who managed compensation claims made by victims of the 9/11 attacks.

Read more

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Join the conversation

Load Comments
rico, suave's avatar

By rico, suave, August 10, 2010 at 5:17 am Link to this comment

Sure is good BP wasn’t nationalized. Can you imagine Congress trying to get $20 billion+ out of those greedy rich taxpayers?

Report this

By The Donkey Edge, August 9, 2010 at 4:18 pm Link to this comment

Still not enough. Not when it comes to the physical and mental health casualties of the oil spill which, sadly, include the poorest of the poor and their children:

Report this
Right Top, Site wide - Care2
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide

Like Truthdig on Facebook