Tags: US | Gulf | Oil | Spill | Payments

BP Plans More Payments for Oil-Related Losses

Friday, 04 Jun 2010 06:16 PM

 

  Comment  |
   Contact  |
  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 This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  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:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Arpaio Sues Over Amnesty; Boehner Hints House May Be Next

Monday, 22 Dec 2014 16:16 PM

If you want to sue President Obama over his executive order granting amnesty from deportation to five million illegal al . . .

Singer Joe Cocker Dies at 70

Monday, 22 Dec 2014 13:45 PM

Joe Cocker, the British singer who had numerous hits in the 1970s and '80s including a barrel-throated rendition of Wit . . .

US Indian Tribes Tread Carefully Into Marijuana Debate

Monday, 22 Dec 2014 15:12 PM

When the federal government announced this month that it would allow American Indian tribes to grow and sell marijuana,  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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