Dallas Strip Clubs: Storm threatens spill cleanup, BP says CEO to stay
BP said on Monday its spending to cap the well, clean up the spill and compensate those affected had accelerated to $100 million a day, bringing the total so far to $2.65 billion.
The company has set up a $20 billion compensation fund under U.S. government pressure.
Kenneth Feinberg, the independent administrator of the fund, has said it made “absolutely no sense” to drive BP into bankruptcy, while promising to streamline the claims process and even let some victims file online.
BP’s earlier handling of compensation on its own came under fire as unduly bureaucratic and time-consuming.
Feinberg expressed doubt on Monday that compensation could stretch as far as a New Orleans strip club that says it has lost business because the fishermen who are its customers are out of work due to the spill.
See the full article from “Reuters”