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  • bp compensation fund

    Live from the Gulf: The Monumental Task of Overseeing BP's $20 Billion Fund

    LAFITTE, LA — Residents of this community south of New Orleans haven’t had much good news since the oil started spewing on April 20 in the Gulf of Mexico. Fishing is a way of life here and that’s come to a standstill. So when Washington sent Ken Feinberg to town, … More

    Louisiana Losing Patience With BP, Government on Oil Spill Claims

    BATON ROUGE, LA — BP has yet to make a single payment from the highly publicized $20 billion claims fund negotiated by President Obama last month at the White House. The fund, which Obama hailed as a breakthrough, is supposed to provide $5 billion by the end of the year … More

    Gulf Spill Update: Confusion Reigns Over BP Compensation Fund

    Although it hardly seems possible, there has been a heightened level of confusion surrounding the government’s handling of the oil spill in the Gulf this week. After being forced to create this escrow account, the White House appears to be maneuvering to force BP to use this new account to … More