Where's the $20 Billion?

Pelican Institute for Public Policy
News Alert

BP falling behind on compensation pledge

New Orleans, La - July 12, 2010 As part of the $20 billion claims fund, BP announced it would make payments of $5 billion by the end of the year - a rate of more than $800 million per month and almost $30 million every day. However, almost a month has passed since the June 16 pledge, and still the Deepwater Horizon Disaster Victim Compensation Fund (VCF) is yet to make its first payment.

Click here to read Where's the $20 Billion?

About the Pelican Institute for Public Policy

The Pelican Institute for Public Policy is a nonprofit, nonpartisan research institute dedicated to the principles of individual liberty, the free market and limited, accountable government. Through research papers, policy briefings, commentaries and conferences, the Institute seeks to educate and inform Louisiana's policymakers, news media and general public.

Pelican Institute for Public Policy

201 St. Charles Avenue, Suite 2500
New Orleans, LA 70170
504-599-5664
info@PelicanInstitute.org