BP Agrees to Speed Up Payments

Gulf Disaster

Updated Apr. 25, 2017 9:43AM EDT / Published Jun. 10, 2010 8:18AM EDT

Maybe BP can do something right, after all: The Obama administration says that BP has agreed to expedite payments to businesses and individuals whose livelihoods have been damaged by the oil spill. The administration made the announcement after a meeting with BP executives, including CEO Tony Hayward. BP will now change the way it processes claims, including a decision to no longer make businesses wait for payments until they have closed their books for each month.

Read it at Associated Press

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BP Agrees to Speed Up Payments