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Thursday November 27th 2014

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‘BP Disaster’ Archives

Over 99 percent of BP claims are accurate

Over 99 percent of BP claims are accurate

An independent audit has revealed that more than 99 percent of the claims processed under BP’s settlement from its 2010 Gulf of Mexico oil spill are correct. The findings undermine BP's efforts to get rid of Patrick Juneau, who was appointed by a federal court to oversee millions of dollars of [...]

Gulf Oil Spill Restoration Program to Hold Public Meeting in Pensacola, Nov. 24

Gulf Oil Spill Restoration Program to Hold Public Meeting in Pensacola, Nov. 24

The Florida Institute of Oceanography (FIO) will host a public information session on Monday, Nov. 24, from 6 p.m. to 8 pm at the Escambia County Central Office Complex, in order to gather public feedback on a newly funded RESTORE Act program intended to help the Gulf recover from the 2010 [...]

BP seeks reduction in oil spill fines #nosurprise

BP seeks reduction in oil spill fines   #nosurprise

BP asked Federal Judge Carl Barbier on Friday to cap its potential oil-spill pollution fines at a maximum of $12.3 billion. Prosecutors have said BP could owe up to $18 billion per EPA rules that trigger fines up to $4,300 per barrel for the Deepwater Horizon disaster. The Coast Guard has set [...]

Nearly 85 percent of BP economic loss claims in Escambia and Santa Rosa counties remain unpaid

Nearly 85 percent of BP economic loss claims in Escambia and Santa Rosa counties remain unpaid

According to the website LegalExaminer.com, 2,415 BP economic loss claims have been filed in Escambia County with the BP Deepwater Horizon Court Supervised Settlement Program. Only 359 have been paid to-date for a total of $70,000,000, resulting in an average claim value of $195,000. Assuming all [...]

Here we go again: BP asks judge to reconsider ruling

Here we go again: BP asks judge to reconsider ruling

Yesterday BP was back in federal court asking that it reconsider the September ruling of Judge Carl Barbier that found the company "grossly negligent" for the 2010 oil spill in the Gulf of Mexico. At stake are about $18 million in fines. The motion filed in Louisiana contends the ruling was [...]

BP can not force settlement dollars be returned

BP can not force settlement dollars be returned

U.S. District Judge Carl Barbier ruled on Wednesday the Gulf Coast businesses won't have to payback the claims BP paid them as the result of the 2010 Deepwater Horizon oil spill. BP argued that a flawed funding formula enabled businesses to collect on what its attorneys described as [...]

Sea monsters and BP oil spill

The Bellona Foundation reports the Louisiana shrimpers are reporting an ever-rising rash of horrifically mutated shrimp, crabs and other sea life covered with oozing growths and extra limbs, shrimp and crabs lacking eyes and eye sockets, and fish of all manner swollen with apparent [...]

BP petitions SCOTUS

BP petitions SCOTUS

British oil giant, BP, petitioned on Friday the U.S. Supreme Court to intervene in its battle over claim payments resulting from the 2010 Deepwater Horizon explosion in the Gulf of Mexico. BP asked the high court to enforce requirements for claimants to prove that they were directly harmed by [...]

BP employees lawsuit over BP oil disaster revived

BP employees lawsuit over BP oil disaster revived

The 5th U.S. Circuit Court of Appeals in New Orleans revived yesterday a lawsuit in which participants in four BP Plc employee retirement savings plans claimed they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster. In an unanimous decision, the [...]

BP shuts down its oil spill claims program

BP shuts down its oil spill claims program

In the wake of the U.S. Supreme Court saying that the British oil giant had to pay business claims tied to the 2010 BP oil disaster, BP has closed its internal oil spill claims program. That program was the means for the more than 10,000 claimants who opted out of the BP’s settlement agreement or [...]

Supreme Court turns down BP request to suspend paying claims

Supreme Court turns down BP request to suspend paying claims

The U.S. Supreme Court today refused to halt BP's payments of claims stemming from 2010 Gulf of Mexico oil spill. In a one-sentence order issued today, the justices said they wouldn’t put a hold on lower court rulings that require the oil company to begin making the payments, part of a $9.2 [...]

BP says it will appeal to Supreme Court

BP says it will appeal to Supreme Court

Reuters is reporting that BP said today that it will ask the U.S. Supreme Court to review a court ruling concerning the 2010 Gulf of Mexico oil spill, which forces the company to pay some businesses for economic damages without the businesses having to prove the spill caused their losses. On [...]

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