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FinReg Amendment Round-Up

The Senate is back to amending Sen. Chris Dodd’s (D-Conn.) financial regulatory reform proposal today. Here is a list of pending amendments that might come up
Jul 31, 2020

FinReg Amendment Round-Up

FinReg Amendment Round-Up

The Senate is back to amending Sen. Chris Dodd’s (D-Conn.) financial regulatory reform proposal today. Here is a list of pending amendments that might come up
The Senate is back to amending Sen. Chris Dodd’s (D-Conn.) financial regulatory reform proposal today. Here is a list of pending amendments that might come up
Jul 31, 2020

One year later, Feinberg claims most of Gulf oil spill claims are ‘current’

One year later, Feinberg claims most of Gulf oil spill claims are ‘current’

Oil spill claims administrator Kenneth Feinberg marked the one-year anniversary of the Gulf Coast Claims Facility by saying the fund has at least looked at 97 percent of the claims it has received. # In other words, he said, the fund is now “current,” and anyone still calling his process slow or delay-ridden ( a common complaint in the fund’s early days ) “just isn’t looking at the statistics.” # To date, the fund has paid out some $5 billion, including slightly more than $2 billion to Florida — more than any other state. # Of some 131,794 Florida claimants in the fund’s post-emergency phase, 72,446 have received final payments and waived their right to sue BP. Only 4,405 remain under review
Oil spill claims administrator Kenneth Feinberg marked the one-year anniversary of the Gulf Coast Claims Facility by saying the fund has at least looked at 97 percent of the claims it has received. # In other words, he said, the fund is now “current,” and anyone still calling his process slow or delay-ridden ( a common complaint in the fund’s early days ) “just isn’t looking at the statistics.” # To date, the fund has paid out some $5 billion, including slightly more than $2 billion to Florida — more than any other state. # Of some 131,794 Florida claimants in the fund’s post-emergency phase, 72,446 have received final payments and waived their right to sue BP. Only 4,405 remain under review
Jul 31, 2020

Keystone XL safety pledge written off as bare minimum

Keystone XL safety pledge written off as bare minimum

One of the most common arguments offered by the State Department and proponents of the Keystone XL pipeline is that the project will be safer than other pipelines because TransCanada has agreed to 57 conditions outside the normal regulations. The Natural Resources Defense Council, which opposes the pipeline, says an analysis of those conditions found that the vast majority of them are identical to the minimum safeguards already written into the law: An analysis of the fifty-seven ‘special conditions’ which the Pipeline and Hazardous Safety Materials Administration (PHMSA) suggested reveals them for what they are – a public relations stunt taken at the public’s expense
One of the most common arguments offered by the State Department and proponents of the Keystone XL pipeline is that the project will be safer than other pipelines because TransCanada has agreed to 57 conditions outside the normal regulations. The Natural Resources Defense Council, which opposes the pipeline, says an analysis of those conditions found that the vast majority of them are identical to the minimum safeguards already written into the law: An analysis of the fifty-seven ‘special conditions’ which the Pipeline and Hazardous Safety Materials Administration (PHMSA) suggested reveals them for what they are – a public relations stunt taken at the public’s expense
Jul 31, 2020
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