Tag Archives: Gulf Coast shrimpers

BP Drops drop its bid to avoid paying 1 Billion Seafood Industry Spill Payments

0422_BILO_BP2After fighting for more than two years to avoid paying almost $1 billion in oil spill damages to Gulf Coast shrimpers, oystermen and seafood processors it claimed didn’t exist, BP Plc has thrown in the towel. A federal judge in New Orleans Monday allowed BP to drop its bid to avoid paying the second half of $2.3 billion in compensation promised to seafood interests harmed by the blown-out well. The subsea gusher pumped more than 4 million barrels of crude into the Gulf of Mexico in 2010, closing fisheries and blackening the shores of five states. BP had paid out about $1 billion of the seafood fund when it balked at paying the remainder after discovering irregularities in one law firm’s client list. The seafood payout is a separate earmark within BP’s Read the rest here 07:23