BP’s Deepwater Horizon Compensation Fund Drying Up Fast, Company Goes on the Defensive

July 31, 2013 by  
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According to The Guardian , BP has just revealed that there is only $300 million left in its Deepwater Horizon compensation fund . The $20 billion fund was originally created to pay reparations to ailing business that suffered in the wake of the massive oil spill in May of 2010. In the petroleum company’s second quarter financial report , BP said it will be increasing its trust fund to help business by just $200 million, raising the total provisions payed out to $42.4 billion. They’ve also noted they were prepared to take legal action against any compensation claim they deem as “absurd”. Read the rest of BP’s Deepwater Horizon Compensation Fund Drying Up Fast, Company Goes on the Defensive Permalink | Add to del.icio.us | digg Post tags: BP , bp compensation , BP fund , BP payments , BP payouts , BP victims , british petroleum , Businesses , Compensation , deepwater horizon , oil spill        

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BP’s Deepwater Horizon Compensation Fund Drying Up Fast, Company Goes on the Defensive

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