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BP expects to have the well completely sealed by this weekend. The company announced the end of the Vessels of Opportunity program, in which local boaters

Jul 31, 2020
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BP expectsto have the well completely sealed by this weekend.
The company announced the end of the Vessels of Opportunity program, in which local boaters and fishermen were employed to help contain the spill and clean up the oil, in Florida, Alabama and Mississippi.
The Interior Department has ordereddrilling companies to cap all idle wells in the Gulf of Mexico.
Some observers say waning interest in the spill hurts Charlie Crist’s election chances.
BP deniedAlabama’s claim for spill damages after the state sued the company.
The Department of Labor has provideda $2.5 million grant to help Western Panhandle residents cope with job losses.
The Federal Deposit Insurance Corporation is giving banks a breakon loan losses caused by the spill, and asking them to be lenient to customers in turn.
Florida Realtors are questioningwhether they got paid enough by the separate compensation vehicle Kenneth Feinberg set up for their industry.
A judge overseeing some of the spill litigation said he expects BP to face thousands of lawsuits.
Public Employees for Environmental Responsibility has filed a lawsuitlooking to find out how and why the government initially low-balled its estimates of the size of the oil spill.****
ProPublica examinessome of the problems with Kenneth Feinberg’s oil spill claims process, and his plans for fixing them, including one fix called for recentlyby Gov. Charlie Crist and Chief Financial Alex Sink: hiring more claims adjusters.
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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