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Six Months After Oil Spill, Attention Shifts to Compensating Spill Victims

On the six-month anniversary of the BP oil spill, both The Washington Post and The Wall Street Journal have stories detailing the many problems with

Jul 31, 2020
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On the six-month anniversary of the BP oil spill, both The Washington Post and The Wall Street Journal have stories detailing the many problems with compensating Gulf oil spill victims for their losses.
The Journal cites “rampant confusionand frustration about the payment decisions and timing of BP’s Gulf Coast Claims Facility,” and the Post says some in the Gulf misunderstandthe claims process.
According to the Post:
But on a truly normal evening, Acy Cooper Jr. would be out shrimping. Instead, one recent night, he was staying home, as he has done more often these days.
“Why? It don’t pay me to do that when they’re going to pay my claim anyway,” said Cooper, vice president of the state’s shrimpers association.
Feinberg, not surprisingly, says shrimpers and others in the Gulf won’t be paid for days they can work, but choose not to. But the example shows that confusion about the claims process still exists in the region even though the GCCF has been up and running since late August.
After six months, Feinberg’s claims process is emerging as the next big bone of contention in the Gulf. While Feinberg has made strides to process claims more quickly, some people have still had to wait more than a month for their claims to be reviewed, as I reported yesterday.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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