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 on 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. Feinberg 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 U.S. Gulf Coast states have been crippled by the oil spill, which began with an explosion and fire on a BP Deepwater rig in April.
BP stalls payments to oil spill victims -Feinberg
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