News -> INDReporter MON, NOV 29 12:08PM by Dege Legg

BP round up


Anyone receiving compensation from BP will be refused the right to later sue

It comes as no surprise that anyone receiving compensation from BP will be refused the right to later sue the company for damages resulting from the April 2010 oil spill in the Gulf of Mexico. The $20 billion fund has already received more than 450,000 applications for emergency payments. According to the agreement, fishermen, shrimpers and property owners who suffered losses from the oil disaster must give up their right to sue BP if they accept a final lump-sum payment from BP's $20 billion compensation fund.

Read more here.

Feinberg expects to pay out only a fraction of the $20 billion BP oil fund
Ken Feinberg, the administrator of the $20 billion BP oil fund, has stated that he expects to pay out only $2.3 billion in emergency claims related to the Gulf of Mexico oil spill. Many of the applications for compensation – more than 450,000 claims just in the last three months – were submitted with no accompanying documents, such as tax receipts that show proof of earnings or loses.

Read more here.

Parishes get BP money for tourism, seafood
Attempting to the rebound from the effects of the Gulf Oil spill, the $2.4 billion Louisiana seafood industry with its 26,000 related jobs, will be working with the aid of BP funds to restore the flagging Louisiana tourism and seafood industries.

Read more here.




Comments (1)add
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written by NORTHSIDIAN SHOTGUN , December 01, 2010 - 03:23 pm
It is not surprising that Feinberg in his infinite wisdom and OBAMA/BP partnership has now announced that the poor Vietnamese oyster fishermen who have never paid a penny of income taxes, without any receipts, sans W-2 and no way of proving any wage losses, therefore they will not be entitled to any largesse from the OBAMA/BP Corporation. Alas, now it is pointed out that BP will not pay any claims filed by these fishermen who have been skirting their obligation to pay taxes, and that means that the American tax-payer will continue to provide schooling, medical care, etc, for these poor Vietnamese fishermen and their familys since these poor Vietnamese will never pay taxes. Oh, but there are more than a few thousand causasians who have never paid taxes, Louisianas, Missippians, Texans, Alabamans, Floridians, and we must not forget our southern neighbor Mexico. OBAMA, being BP'S MENTOR, will enjoy this relief, and the pie wedge for those who have protected BP continues to grow, OBAMA quickly learned how to use the highest office in the country.
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