BP Complaints

Distributor of BP fund isn’t new to tough tasks
June 19, 2010 – A rig burns oil and gas near the Discoverer Enterprise, background, at the site of the Deepwater Horizon oil spill in the Gulf of Mexico off the coast of Louisiana.
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BP’s Spill Fund a Billion Shakedown, Barton Says (Update5)
June 17 (Bloomberg) — Representative Joe Barton , a Texas Republican, said a fund BP Plc agreed to establish after meeting with President Barack Obama yesterday amounted to “a billion shakedown.”
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BP’s Spill Fund a Billion Shakedown, Republican Barton Says
Rep. Joe Barton, a Texas Republican, said a fund BP agreed to establish after meeting with President Obama yesterday amounted to “a billion shakedown”
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(AFX UK Focus) 2010-06-20 16:04 UPDATE 1-BP spill fund chief vows to pay claims quickly
WASHINGTON, June 20 (Reuters) – The independent administrator of the billion fund set up by British energy giant BP Plc to compensate victims of the Gulf of Mexico oil spill vowed on Sunday to make sure every eligible claim is quickly paid. Appearing on NBC’s “Meet the Press” program, administrator Kenneth Feinberg also rejected Republican U.S. Representative Joe Barton’s complaint last week …
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BP Rebounds on Phase-In of Spill Fund
BP Plc rebounded the most in 19 months and the cost of insuring the company against default fell after an agreement to phase in payments to a billion fund to compensate victims of the worst oil spill in U.S. history.
Read more on BusinessWeek

BP’s Spill Fund a Billion Shakedown, Barton Says (Update4)
June 17 (Bloomberg) — Representative Joe Barton , a Texas Republican, said a fund BP Plc agreed to establish after meeting with President Barack Obama yesterday amounted to “a billion shakedown.”
Read more on Bloomberg

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BP agrees to B fund for spill victims
President Barack Obama emerged from a White House meeting with beleaguered oil giant BP Wednesday to announce a new billion fund that will pay for damages from the devastating oil spill in the Gulf of Mexico. Obama appeared alone after what he described as a “constructive” and “essential” meeting…
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Obama wins BP deal on 20-billion-dollar oil fund
BP agreed Wednesday to pay 20 billion dollars into a fund to meet mounting oil spill claims, as US President Barack Obama won key concessions from company bosses in high-stakes talks.
Read more on AFP via Yahoo! Singapore News

BP agrees to bn oil claims fund
BP has agreed to finance a billion (£13.4) billion fund to pay the claims of people whose jobs and way of life have been damaged by the devastating oil spill in the Gulf of Mexico, senior administration officials have said.
Read more on Pendle Today

US Coast Guard Cutter Marlin Operations

Image by Deepwater Horizon Response

BP agrees to suspend dividend payments, create compensation fund and cut spending
BP PLC says it will suspend its dividend for the rest of this year and set up a billion fund to assure victims of the Gulf oil spill that they will be compensated for their losses.
Read more on Baltimore Sun