Tag: Local Economy

BP to offer claimants a One-time Payment

I think “Breaking” is the correct adjacent …

BP offers one-off payouts to stem Gulf oil spill lawsuits

Lump-sum compensation offered in return for waiving the right to sue,

but uncertainty remains for those indirectly affected


Tim Webb, guardian.co.uk — August 1, 2010

BP will begin its legal offensive this month to cap its liabilities from the Gulf of Mexico disaster by offering those affected one-off compensation payouts in return for them waiving the right to sue.

[…]

The fund does not cap BP’s liabilities at $20bn. But privately the company believes that it will not have to pay out anywhere near this sum. BP has hired a battery of lawyers to protect itself, and so far it has paid out $261m in claims.

[…]

According to BP, 1.8m gallons of dispersant have been pumped into the Gulf. Scientists say that the resulting high toxicity levels could harm marine life for years to come.

Hmmm … Seems BP is a bit worried about the long-term effects of that 1.8 Millions of gallons of Corexit, they used — to help make that spill problem disappear?