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The settlement also included $105 million from BP for regional health outreach and free health checkups for exposed workers every three years for 21 years. But things quickly went awry.
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]
May 22 – Obama signs an executive order establishing the bipartisan National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling [67] [68] May 23 – BP rebuffs EPA order to change its dispersants. BP says that if oil reaches the shore, it would do more environmental harm than if it were dispersed off the coast.
The Deepwater Horizon explosion and oil spill resulted in an onslaught of litigation. call if firef 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 ...
BP agreed to pay workers who got ill after exposure to oil and a chemical dispersant used to break it up. Takeaways from AP's story on the BP oil spill medical settlement's shortcomings Skip to ...
BP paid criminal penalties for the disaster and would eventually spend billions of dollars to settle claims for economic damage and environmental devastation. But after more than a decade of ...
In May 2011, MOEX Offshore, which owned a 10% stake in the well through a subsidiary and which in turn itself was majority-owned by Mitsui & Co., agreed to pay US$1.08 billion to settle BP claims against it over the accident. Some analysts had thought BP would realize a larger settlement from MOEX but there was also relief to have a first step ...
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