Category Archives: BP Settlement

BP Oil Spill Settlement

BP oil spill settlement.

Following the explosion on the Deepwater Horizon drilling rig, nearly five million gallons of crude oil was released into Gulf Coast waters, permanently polluting the natural environment and causing billions of dollars in damages to individuals and businesses.

Our team manages BP oil spill settlement program claims. Settlement Deadlines

The Deepwater Horizon Economic Claims Center (DHECC) was designed to assist those who suffered economic losses resulting from spill. Unfortunately, after nearly four years and a virtually unlimited budget, tens of thousands of legitimate claims are still no closer to receiving payment. The deadline for to file new claims was June […]

Justice Department Urges Court to Approve $20 billion BP plc (ADR) Oil Spill Settlement

Justice Department Urges Court to Approve $20 billion BP plc (ADR) Oil Spill Settlement

Justice Department Urges Court to Approve $20 billion BP plc (ADR) Oil Spill Settlement The settlement over the deep-water horizon oil spill involving BP plc (ADR) ( NYSE:BP ) is nearing final approval. On March 22nd, federal lawyers asked a New Orleans court to grant formal approval to the settlement agreement in relation to the Gulf Oil Spill.

The settlement agreement, worth more than $20 billion, was initially announced last year in July, by five Gulf Coast states, and the Department of Justice.

The agreement is part of the efforts to settle the long legal scuffle over damage caused by the […]

Rebuilding after the BP Oil Spill


By our partner, National Wildlife Federation. View the original post here .

Six years ago this week, the Deepwater Horizon oil rig exploded, killing 11 men and spewing millions of gallons of oil into the Gulf of Mexico for nearly three months. At the time, many representatives from the Restore the Mississippi River Delta Coalition were on the ground, cataloging the impacts to wildlife and the habitats of the Gulf of Mexico. Touring Shell Island West. Photo by Jacques Hebert Six years later, we are still hard at work. Yesterday, National Wildlife Federation released a new, interactive report that […]

US Supreme Court rejects BP challenge to Gulf spill settlement

The uncertain cost of BP

BP is trying to limit payments over the disaster, which killed 11 people and triggered the largest US offshore oil spill BP has suffered a blow in its legal battle over compensation for the victims of the 2010 Gulf of Mexico oil spill after the US Supreme Court threw out its claim that some businesses were getting payouts despite being unable to trace their losses to the disaster.

The court’s refusal to hear BP’s appeal means the London-based company will have to make the payments as it continues to deal with the aftermath of the April 20, 2010, explosion of […]

Federal judge gives final OK to $20B settlement by BP in Gulf oil spill disaster

BP headquarters

Image from Jeff Whyte / Shutterstock.com. A federal judge in New Orleans on Monday gave the final OK to an estimated $20 billion settlement by BP concerning a massive Gulf of Mexico oil spill in 2010.

The ruling by U.S District Judge Carl Barbier followed his earlier finding that the company had been grossly negligent in the incident, which began with a deadly explosion and fire on the Deepwater Horizon oil rig. Eleven workers died in the accident, which caused a 134 million-gallon oil spill, reports the Associated Press .

Law professor David Uhlmann of the University of Michigan previously served […]

US judge approves BP settlement for 2010 Gulf of Mexico oil spill


U.S. Judge Carl Barbier granted final approval on Monday to BP ‘S civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in July 2015 to pay up to $18.7 billion in penalties to the U.S. government and five states.

"Today’s action holds BP accountable with the largest environmental penalty of all time while launching one of the most extensive environmental restoration efforts ever undertaken," U.S. Attorney General Loretta Lynch said in a statement.

The company at the time said its total pre-tax charges from the spill set aside for criminal and civil penalties and cleanup […]

Pinellas commissioners set to divvy up $7.1 million from 2010 Deepwater Horizon oil spill

The Pinellas County Commission is set Tuesday to divide $7.1 million it received in the BP oil spill settlement to spend on projects across the county. During a commission meeting in August, that list was pared down from 89 projects worth nearly $23 million back in August. Those projects were written on a white board during the meeting. [MARK PUENTE | Times]

The Pinellas County Commission is set Tuesday to divide $7.1 million it received in the BP oil spill settlement to spend on projects across the county. During a commission meeting in August, that list was pared down from 89 projects worth nearly $23 million back in August. Those projects were written on a white board during the meeting. [MARK PUENTE | Times] CLEARWATER –– Pinellas County commissions will get the opportunity Tuesday to award $7.1 million that didn’t come from the pockets of taxpayers.

The commission will be deciding how to spend $7.1 million awarded from a settlement of the […]

Got Ideas for Spending the BP Oil Spill Settlement?


npr.org

With BP, TransOcean and Anadarko settling claims from the 2010 Deepwater Horizon oil spill earlier this year, you now have the opportunity to weigh in on how that money should be spent.

“Now we know the amounts of money that all of these three parties will be paying into the RESTORE Trust Fund: approximately $5.3-billion,” Chris Barnes with the Governor’s Office of Coastal Activities told the Coastal Protection and Restoration Authority Wednesday that the first draft plan is available for public comment..“It’ll be at coastal.la.gov , under ‘What’s New’. And comments will be accepted through January 14th.”Beyond just […]

Justice Department Urges Court to Approve $20 billion BP plc (ADR) Oil Spill Settlement

Justice Department Urges Court to Approve $20 billion BP plc (ADR) Oil Spill Settlement

Justice Department Urges Court to Approve $20 billion BP plc (ADR) Oil Spill Settlement Federal lawyers urge a New Orleans court to approve the settlement to resolve years of strained relations with BP over the oil spill

The settlement over the deep-water horizon oil spill involving BP plc (ADR) ( NYSE:BP ) is nearing final approval. On March 22nd, federal lawyers asked a New Orleans court to grant formal approval to the settlement agreement in relation to the Gulf Oil Spill.

The settlement agreement, worth more than $20 billion, was initially announced last year in July, by five Gulf Coast states, […]

Got Ideas for Spending the BP Oil Spill Settlement?


npr.org

With BP, TransOcean and Anadarko settling claims from the 2010 Deepwater Horizon oil spill earlier this year, you now have the opportunity to weigh in on how that money should be spent.

“Now we know the amounts of money that all of these three parties will be paying into the RESTORE Trust Fund: approximately $5.3-billion,” Chris Barnes with the Governor’s Office of Coastal Activities told the Coastal Protection and Restoration Authority Wednesday that the first draft plan is available for public comment..“It’ll be at coastal.la.gov , under ‘What’s New’. And comments will be accepted through January 14th.”Beyond just […]