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Kenneth Feinberg

BP Oil Spill Update

In case you haven’t heard, the BP Oil Spill really did happen. Thousands of people are still suffering because of massive amounts of oil spilling into the Gulf of Mexico. Even though the major news media found the story a bit boring once the leak was actually plugged, it’s important that we continue to keep ourselves updated on what’s going on in the Gulf.

Solutions for Future Spills

Although a moratorium was enacted to disable new deepwater oil rigs, it may be lifted even before we have come up with an actual solution to deepwater oil spills. Exxon Mobil Inc.… Continue reading

BP’s Problems Are More Than 6 Inches Deep

BP keeps shooting itself in the foot with bad decisions and shady practices, even at a time when they have the opportunity to quickly strive for public trust. From its already backed-up victim compensation program to its regulations regarding public beach accessibility, BP continues to try and take blame for the Gulf Oil Spill without actually dealing with the full repercussions.

In a supposedly generous offer by BP, attorney Kenneth Feinberg has decided that BP will not be subtracting the funds paid to BP clean-up crews from their victim compensation for the damages from the spill. In other words, BP… Continue reading

Sue or Settle? Compensation Guidelines for BP Oil Spill Victims

On Monday, Washington lawyer Kenneth Feinberg will take over the task of distributing $20 billion of BP compensation money to the victims of the BP Oil Spill. Unfortunately, the guidelines determining which businesses will receive those payments are getting more and more specific.

 

Captain Brent Shaver discussing BP compensation

According to the guidelines presented by Mr. Feinberg, who was specifically appointed this task by President Obama, businesses will receive their compensation depending on their geographic distance from the spill and their dependence on the natural resources of the Gulf, according to a Huffington Post article.

In other words, many of the struggling companies in Florida, for… Continue reading

EPIC FAIL: BP Cuts 40,000 Filed Claims

A BP Representative announced at the end of last week that approximately 40,000 of the claims made by victims of the BP Oil Spill might not be paid in full, if at all.

 

Using UV Light (Tar is Yellow, Clean Sand is Purple)

 

Instead of living up to their claim that normalcy would be restored to those affected by their oil spill, BP announced that they would be cutting reparations of those who submitted “incomplete claim files.”

While BP continues to struggle with appeasing the American public, particularly those in the Gulf States, the company has once again… Continue reading