You are here

CLG News

 Your Source for Deep-State Truth

Click here!

Donate to CLG

Subscribe to Syndicate

9/11 figure will run BP's spill claims fund

9/11 figure will run BP's spill claims fund 16 Jun 2010 The White House and [its paymaster] BP agreed on Wednesday that the oil giant would create a $20 billion fund to pay claims for the worst oil spill in American history. The fund will be independently run by Kenneth Feinberg, the mediator who oversaw the 9/11 victims compensation fund, according to three people familiar with the deliberations. President Obama and his top advisers met Wednesday morning with BP’s top executives and lawyers to finalize the agreement. The talks were complicated by the fact that BP’s ultimate liabilities for the cleanup and lost business are unknowable since the two-month-old leak of its well in the Gulf of Mexico could be spewing oil for months more.