Home » NEWS » BP seeing fewer than expected applicants for oil spill money

BP seeing fewer than expected applicants for oil spill money

GULF COAST — There have been far fewer applicants than expected for money from a $100-million fund BP PLC set up to help deepwater rig workers after a federal moratorium on drilling prompted by the massive oil spill.

With nine days left to apply, a spokesman for the charity running the program told The Associated Press yesterday that only 356 people have come forward. Up to 9,000 people had been expected to seek grants of $3,000 to $30,000.

The charity says it turns out that many rig workers are being kept on the job by their employers, despite the moratorium.

With so much money left over, the charity plans to offer a second round of grants — this time to workers who support deepwater rigs, such as people on supply boats.

A recent federal report claimed the moratorium has not increased unemployment in the region.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*