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BP Is Stalling Payments to Oil-Spill Victims: Feinberg

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Reuters
July 25, 2010

British energy giant BP is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said Saturday.

“I have a concern that BP is stalling claims. Yes, BP is stalling. I doubt they are stalling for money. It’s not that. I just don’t think they know the answers to the questions (by claimants),” Feinberg told reporters.

He was speaking on the sidelines of a town hall meeting in southern Alabama at which fishermen and other business owners expressed frustration and anger at what they say is a slow and complex claims process that lacks transparency.

Thousands of businesses in Gulf coast states have been crippled by the oil spill, which began with an explosion and fire on a BP deepwater rig in April.

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This article was posted: Sunday, July 25, 2010 at 4:15 am





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