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BP compensation fund for Gulf oil spill victims at risk of running out

2013-07-02 18:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: BP could soon run out of cash in the compensation fund set up for victims of the Deepwater Horizon disaster, unless it is successful in a legal challenge that will be heard in court next week. The company has been fighting the compensation formula drawn up to pay businesses and individuals harmed by the 2010 spill, ahead of a court hearing in New Orleans on July 8. Court-appointed claims administrator Patrick Juneau has processed about a quarter of the 194,800 claims received, and made compensation...

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