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The Washington Independent
The Washington Independent

BP To Compensate Idle Rig Workers

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

Kenzo Norman
News
Last updated: Jul 31, 2020 | Jul 30, 2010

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 thousands of jobs in the region. This Rig Workers Assistance Fund is meant to address those losses.

According to The Hill, BP said the fund “fulfills the commitment BP announced on June 16 to provide $100 million in assistance as a gesture of good will for the people of the Gulf Coast region.” BP’s suggestion that the fund is a “gesture of good will” belies the fact that the moratorium wouldn’t be in place if the oil spill didn’t happen.

Kenzo Norman | Kenzo is a journalist-turned-marketer who is fascinated by how storytelling and targeted marketing can result in content that changes businesses. He is responsible for implementing inbound marketing strategies that help his clients raise brand awareness, generate leads, and gain new customers as an Account Executive. Jason enjoys reading on the beach, tracking down mono records, and playing guitar when he is not working.

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