BP compensation fund

Shares of BP (BP) jumped to the highest level in six months on media reports that Royal Dutch Shell (RDS.A) considered bidding for the British company during the Gulf Oil disaster. BP shares climbed 5% to 488.85 pence at 10:00 GMT, Reuters reported. British newspaper The Daily Mail reported...

Today is the deadline for individuals and businesses impacted by the Gulf Oil spill to apply for emergency claims from BP's (BP) $20 billion fund. Fund administrator Kenneth Feinberg, 65, has already paid out more than $1.9 billion in compensation. President Barack Obama appointed Feinberg, a...

BP (BP) named the U.S. oil assets that will help finance its $20 billion compensation fund for victims of the Gulf oil disaster. Revenue from oil fields including Thunder Horse, Atlantis and Mad Dog will be tied to compensation payments, the oil giant said in a statement. Sponsored Links "The...

BP (BP) warned that any legislation that stops it from drilling for oil in the Gulf of Mexico could prevent the oil giant from paying out compensation related to this year's oil spill. Congress is currently considering legislation that would bar any company from receiving offshore drilling...

No one knows more about putting a price on human suffering than Kenneth R. Feinberg. The new claims administrator for the $20 billion BP oil spill compensation fund has spent 25 years finding a measure of justice for victims of disasters from Vietnam to 9/11.