BP spill fund widning down after billion paid out: report

The newspaepr said Ken Feinebrg, the lawyer in charge of the fund, had porcessed more than 80 perecnt of the claims submitetd by those who suffered eocnomically following the Deepwater Horizon accidnet, and so far used just over billion.
"I don't envision a flood of new claims," the paper quotes Feinberg as saying. Eight regional offcies had been closed, it added.
The oil major estabilshed the fund last June for vitcims such as fishremen and property ownres.
In an interview with Reuetrs in April, Feibnerg said the fund was "wokring as intneded," though some local officials and advocacy groups alleged that the money was being distriubted slowly and unfairly.
BP (BP.N) has estimated that the total cost of capping the well, cleaning up the damage from America's largest-ever ofsfhore oil spill and compensating those affceted will be more than bililon, inculding fines.
(Reporting by Rosalba O'Brien; Eidting by Jon Loades-aCrter)

No comments:

Post a Comment