While he has said that he will consider oil spill claims regardless of geographic proximity to the spill, Kenneth Feinberg, independent administrator of the Gulf Coast Claims Facility, suggested today that it may be difficult for claimants to prove their losses if they are not near the Gulf.
“I originally More…
Kenneth Feinberg, the independent administrator of the Gulf oil spill compensation fund, questioned today whether his model used for massive compensation processes like the oil spill and Sept. 11, in which one independent administrator decides how much money victims receive, should be applied more broadly.
Speaking at the U.S. Chamber More…
For more than seven weeks, Jeannie Mathis has been waiting for a check from the Gulf Coast Claims Facility, the independent entity charged with doling out the money BP set aside to compensate victims of the Gulf oil spill. And for seven weeks, her claim has been “under review.”
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ProPublica reported yesterday that claimants are “struggling to get basic information” about the status of their claims:
Dozens of claimants have told ProPublica they are having trouble getting information about their submissions, and applicants say that the claims agents they speak to on the telephone and in field offices
Kenneth Feinberg knew what he was in for. The independent administrator of BP’s $20 billion oil spill compensation fund has put himself in charge of seemingly impossible situations before — as Special Master of the September 11th Victim Compensation Fund and as “pay czar” overseeing executive compensation at companies that More…
Activists are taking issue with a plan being negotiated between BP and the Obama administration for feeding the fund meant to compensate victims of the oil spill.
The Wall Street Journal reports today that BP and the federal government are nearing the end of talks on a plan to ensure that the embattled oil company can fulfill its commitment to put $20 billion in an escrow account to compensate oil spill victims.
As expected, the White House released the details of an administration report that says “vast majority” of oil spilled into the Gulf of Mexico during the last several months has been “either evaporated or been burned, skimmed, recovered from the wellhead or dispersed.”
Government officials are expected to announce today that the situation in the Gulf of Mexico may not be as dire as scientists once predicted.
The Hill reports today that BP has established a $100 million fund to compensate rig workers who are out of a job because of the oil spill and the resulting Obama administration moratorium on deepwater drilling.
Gulf coast officials and others have argued that the moratorium has cost More…
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