BP Pumps Money Into Relief Fund — It’s No Gusher
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.
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
Your support matters…BBC:
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.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
TD Original
Reflecting on the systems that maintain racism and separatism in America.
Wounds of War
According to Pentagon policy on “responding to civilian harm”, Defense Secretary Lloyd Austin owes Somalian drone victims an overdue apology.
Editorial Cartoons
Politics
Obama's only takeaway from the Syria episode was to never again seek Congressional approval for military action.
Politics
Cautionary politics lost them the majority a decade ago. It’s taken that long to reboot.
With his nonstop barrage of lies, the president has degraded our electoral system to the point that any result will feel illegitimate.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.