Kenneth Feinberg, the arbitrator of BP’s oil spill fund, has forwarded twelve names to the Justice Department for fraudulently attempting to get money from the claims fund as reported in the Wall Street Journal, The New York Times and Bloomberg. Not only this, his legal team is currently examining 2000 other claims they suspect to be…
Tag: BP. British Petroleum
$14 Billion Dollars Returned to BP, Feinberg Estimates
In a recent article about the $20 billion dollar escrow account and claims process, Ken Feinberg estimated that after all is said and done, he will have paid out 6 billion of the BP Oil Spill trust fund, and he will then return the remaining $14 billion dollars to British Petroleum. These are surprising numbers, especially…
Changing Course in the Gulf: Bad Lessons in Money and Politics Pt. 1 – BP and Corexit
In the past five months, Gulf Coast residents have been treated to a number of decisions with direct impact on their lives. They weren’t asked to give input at the time these decisions were made. They weren’t asked how they thought it might affect their future. The decisions occurred above their heads and most times,…
Hundreds of Thousands of patches of oil…skimmers?
Thad Allen, National Incident Commander said today at a press briefing, “There are hundreds of thousands of patches of oil in the Gulf of Mexico,” as a result of British Petroleum’s catastraphuk. He went onto say, “The ultimate impact of the spill, the amount of tarballs…will be the subject of long-term surveillance. Our goal would…
