The BP oil spill while physically only reaching Louisiana, Mississippi, and Alabama; have had adverse economic effects throughout the nation with many claims having be failed against BP from companies and people in all 50 U.S. states, looking for financial compensation for loses caused by the spill. This will soon become a large public issue, with the multiple parties needing to get involved including the U.S. government, to step in to help allocate these compensations. Because BP cannot physically provide this fiscal compensation for even a small percentage of the claims, a standard and or system needs to be put in place in order to provide the means of determining what percent of both the claims and the amount being asked for, are paid.
http://www.nytimes.com/2010/10/24/business/24claim.html?pagewanted=1&_r=1&ref=us
Ben Rains
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ReplyDeleteImagining a company that supplied business to the regions that were damaged to the BP oil spill is not beyond most. It must have been a common occurrence that businesses and residents of the BP disaster did not buy certain products in direct relation to what happened earlier tis year. It should be BP's responsibility to compensate for what happened to these companies. Though it may be hard to directly relate what proof there is for companies that have a indirect loss because of the oil spill, it is smart that they try and get what they can, as it is very plausible it is BP's fault.
ReplyDeleteAjay Bohra