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 ObamaTony HaywardKenneth FeinbergGulf Coast Claims Facility+3 morecompensation-fundcorporate-accountabilityenvironmental-justicebp-deepwater-horizonobama-administration+2 more
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 ObamaTony HaywardKenneth FeinbergGulf Coast Claims Facility+2 morecompensation-fundcorporate-accountabilityenvironmental-justicebp-deepwater-horizonobama-administration
The Deepwater Horizon drilling rig explosion in the Gulf of Mexico marked the beginning of one of the worst environmental disasters in U.S. history. The explosion killed 11 workers and caused a massive oil spill that would leak approximately 134 million gallons of oil over 87 days. The disaster …
BP (British Petroleum)Transocean LtdHalliburtonMinerals Management ServiceBarack Obama+2 moreenvironmental-disastercorporate-negligenceoil-industryregulatory-capturegulf-coast