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The Deepwater Horizon Oil Spill Trust is the $20 billion trust fund established by BP to settle claims arising from the Deepwater Horizon oil spill.The fund was established to be used for natural resource damages, state and local response costs and individual compensation. [1]
The Deepwater Horizon explosion and oil spill resulted in an onslaught of litigation. Litigation commenced almost immediately after the explosion and oil spill. By May 27, 2010, Transocean, which owned the Deepwater Horizon, said in testimony before the U.S. House Judiciary Committee that it was defendant in 120 lawsuits, of which more than 80 were class actions seeking payment for financial ...
Yet the settlement for medical claims was supposed to make it easier for workers: BP would agree exposure to the spill could cause a host of known health issues — and workers suffering from them ...
BP's (BP) Gulf Coast oil spill is shining a harsh light on one corporation's ability to wreak environmental havoc, but the Deepwater Horizon disaster is just the latest injury inflicted on Mother ...
In the end, however, he sided with BP, ruling that the settlement's wording made anyone diagnosed after the 2012 date ineligible for a payout after filing a claim.
Two months have passed since BP's (BP) horrific oil spill sent a wave of environmental damage and economic chaos along the Gulf Coast, but to date the oil company has paid out less than 12% of the ...
The settlement includes payments of $2.394 billion to the National Fish and Wildlife Foundation, $1.15 billion to the Oil Spill Liability Trust Fund, $350 million to the National Academy of Sciences for oil spill prevention and response research, $100 million to the North America Wetland Conservation Fund, $6 million to General Treasury and ...
The money is from BP’s $8.8 billion settlement for natural resources damage caused by the blowout that killed 11 men and spewed more than 100 million gallons (380 million liters) of oil into the ...