Tags: BP | Gulf | Spill | Victims

BP Fund Pays $5 Billion to Gulf Spill Victims

Tuesday, 23 Aug 2011 12:29 PM

BP Plc paid out more than $5 billion to 204,434 victims of last year's massive Gulf of Mexico oil spill, fund administrator Kenneth Feinberg said on Tuesday.

The sum amounts to roughly 25 percent of the $20 billion fund, known as the Gulf Coast Claims Facility, which was set up one year ago in the wake of the April 2010 spill.

So far, there have been 947,892 claims filed from all 50 U.S. states and residents of 36 countries. Nearly all of the successful claimants to date come from four states: Florida, Louisiana, Alabama and Mississippi.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Markets
BP Plc paid out more than $5 billion to 204,434 victims of last year's massive Gulf of Mexico oil spill, fund administrator Kenneth Feinberg said on Tuesday.The sum amounts to roughly 25 percent of the $20 billion fund, known as the Gulf Coast Claims Facility, which was set...
BP,Gulf,Spill,Victims
96
2011-29-23
Tuesday, 23 Aug 2011 12:29 PM
Newsmax Inc.
 

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
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved