bp, bp oil spill compensation

Compensation czar takes charge of $20 billion BP fund

A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business on Monday amid accusations that the rules established by its administrator are unfair.

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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.

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BP to seek $10B U.S. tax credit

Tax deduction on losses from oil spill could mean taxpayers will pay for half of $20B claim fund.

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Senh: Only $10B? That's nice of BP. While they're at it, they might as well claim the entire $20B. That's kinda sneaky of them to use tax write-offs for this.

Fraudsters angle for piece of BP oil spill fund

Swindlers, scammers and even a few strippers are flocking to the Gulf Coast in search of a piece of the $20 billion BP Plc has set aside to compensate residents for spill-related losses.

Senh: Whenever there's money involved, lots of people are gonna want a piece of it. Sucks for the actual 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 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.

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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 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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