Report: Drilling Moratorium Didn’t Result in Significant Job Loss for Rig Workers
It turns out just under 400 people have applied for relief under a $100 million fund BP set up to compensate rig workers who lost their jobs because of the Obama administration’s moratorium on deepwater drilling. The low number could indicate that the moratorium didn’t have as significant an impact on rig workers as was originally thought.
In fact, an Obama administration report said many companies kept on their employees after the moratorium. But the report noted that the drilling ban had a more significant impact on other sectors of the Gulf economy that rely on drilling.
According to the Associated Press:
With nine days left to apply, a spokesman for the charity running the program told The Associated Press on Tuesday that only 356 people have come forward. Up to 9,000 people had been expected to seek grants of $3,000 to $30,000.