BP Receives a Seventh Invoice from the Federal Government
BP has paid six bills invoiced by the federal government in connection with clean up costs from the massive oil spill in the Gulf of Mexico. The Obama administration announced that BP has paid the previous 6 invoices in full, and after the most recent invoice (for $62.6 million), the total bill to date for cleanup costs is around $581 million.
Other "responsible" parties such as Transocean, MOEX and Anadarko have helped BP foot their portions of the bill. However, these paid bills do not include claims for lost wages as BP is directly paying these claims to individuals as they come due.
The U.S. Coast Guard is responsilble for the Oil Spill Liability Trust. The trust is setup to compensate those individuals affected by the spill. The trust is frequently reimbursed to accomodate these claims and was developed to provide some closure to the devasting impact on communities near the Gulf.
To learn more about this article, visit US Sends BP seventh bill, for $ 62.6 million.
