BP Has Paid About 12 Percent of Oil Spill Claims

House Judiciary Committee Releases Data of Claims Submitted; BP Says Company Has Paid Half of 60,000 Claims

The House Judiciary Committee says data it has collected shows that BP has paid less than 12 percent of claims submitted by people and businesses arising from the Gulf oil spill.

BP says it has paid a higher percentage of claims to those harmed by the Gulf spill than the data indicates.

The committee said in a statement Friday that only $71 million out of an estimated $600 million had been paid as of Tuesday. By dollar value, the House tally equals less than 12 percent of what's been claimed.

But, as of Friday, BP spokesman Scott Dean said the dollar value of payouts was $95 million.

Dean also said in an e-mail that the company has paid about half of the 60,000 claims made so far. In other words, the company has cut 30,000 checks.

In addition, the panel said that BP didn't make any payments in the first two weeks following the explosion and oil spill.

Michigan Democratic Rep. John Conyers said he's concerned that BP "is stiffing too many victims and shortchanging others."

The committee said BP hasn't made a single payment for bodily injury or diminished home property value.

Source: AP

 

Last year, BP made more than $40 billion in profits yet paid no taxes in the United States.

 

African American-Owned Businesses Affected by Oil Spill in Gulf

In Louisiana for example, 12 percent of all businesses are owned by African Americans with coastal cities like Baton Rouge having 17 percent black-owned business, most in the fishing and tourism industries. The same can be said of Mobile, Ala., where 14.8 percent of business are black-owned compared to 9 percent for the state of Alabama. If this problem is not under control soon, many family owned and small African American businesses in the Gulf region may not survive.

 

What can you say? Greedy Capitalist Pigs.






















OpinionsCartoonStudios@Yahoo.Co.UK

 

This pisses the ultimate hell out of me, yet we "small people" should go back to our entertainment and sports and accept their apology and accept being screwed.