Tags: US | Gulf | Oil | Spill | Payments

BP Plans More Payments for Oil-Related Losses

Friday, 04 Jun 2010 06:16 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

BP says it's preparing to send a second round of payments to Gulf Coast residents and businesses facing a loss of income or profit because of the Gulf of Mexico oil spill.

The announcement came as President Barack Obama visited Louisiana on Friday for the third time since the spill. In New Orleans, Obama criticized BP for spending money on advertising and paying shareholder dividends during the crisis.

BP estimates that once the payments are made, it will have spent about $84 million for loss of income or net profit through June to people in Louisiana, Mississippi, Alabama and Florida.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

New York Police Chokehold Death Ruled a Homicide

Friday, 01 Aug 2014 17:22 PM

A chokehold used by a police officer on a New York City man during his arrest for selling untaxed, loose cigarettes last . . .

Newsmax Panel Debates Battle Over Immigration

Friday, 01 Aug 2014 16:56 PM

Janet Johnson, an attorney in Jacksonville, Fla., and lawyer and syndicated talk show host Adam Thompson join "The Steve . . .

Bob Dole: Fixing 'Badly Bent' Congress Will Take Strong Leadership

Friday, 01 Aug 2014 16:13 PM

"The Senate isn't broken," former Republican Majority Leader and GOP presidential candidate Bob Dole believes, but "it's . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved