BP’s $20B fund to start making payments next month
by Associated Press
Published: July 16,2010
GULF COAST — The $20 billion that BP has set aside to pay for losses caused by the Gulf of Mexico oil spill will start making payments in early August.
Ken Feinberg, who is in charge of paying individuals and private businesses for their lost income, told a meeting of government officials in Louisiana yesterday that he expected a seamless transition from BP management to his administration.
The fund has not been tapped yet, but Feinberg said by the end of the first week of August his group would be ready to make payments.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Prescription for success — Transcript Pharmacy continues fast growth
- Panther Creek megasite — Putting a value proposition out there
- BBB issues warning involving asphalt paving scam
- Study: Mississippi has highest sales tax rate in U.S.
- Mississippi State makes NSF ranking of research universities
- Panther Creek's location in medical industry zone boosts bio-med prospects
- Chris McDaniel responds to radio show audio clip
- Sawtimber, pulpwood markets improving, but challenges remain
- TVA president/CEO Johnson tours Techumseh, Yokohama plants
- News The Way You Want It!