Gulf Coast Claims Facility

BP Agrees to $20 Billion Gulf Coast Claims Fund Amid Deepwater Horizon Fallout

2011-04-20 00:00:00 +0000 UTC | Importance: 8/10

BP agreed to establish a $20 billion independent claims fund to compensate victims of the Deepwater Horizon oil spill, administered by Kenneth Feinberg. By July 2011, the Gulf Coast Claims Facility had paid $3.7 billion to 198,475 claimants. The fund, while unprecedented in its scale, faced …

BP (British Petroleum) Barack Obama Tony Hayward Kenneth Feinberg Gulf Coast Claims Facility +3 more compensation-fund corporate-accountability environmental-justice bp-deepwater-horizon obama-administration +2 more

BP Agrees to $20 Billion Gulf Coast Claims Fund Amid Deepwater Horizon Fallout

2011-04-20 00:00:00 +0000 UTC | Importance: 8/10

Under intense pressure from the Obama administration and Congress, BP agreed to establish a $20 billion independent claims fund to compensate victims of the Deepwater Horizon oil spill. The fund, administered by Kenneth Feinberg, represented an unprecedented corporate commitment to environmental …

BP (British Petroleum) Barack Obama Tony Hayward Kenneth Feinberg Gulf Coast Claims Facility +2 more compensation-fund corporate-accountability environmental-justice bp-deepwater-horizon obama-administration