BP’s $20B fund to start making payments next month
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.
Top Posts & Pages
- DAVID DALLAS — Roger Wicker: Profile in discouragement
- Attorney McRae challenging Miss. treasurer in GOP primary
- Ecolab reducing Columbus workforce
- Judge names receiver for KiOR plant, but tax payment unclear
- State's ventures into alt-fuel markets net few jobs
- Tommy Robertson indicted on five counts of embezzlement
- BILL CRAWFORD — More jobs, but fewer with jobs, huh?
- Rival plans filed to end Cleveland schools federal oversight
- Lab owner loses challenge to 40 months in waste case