BP Oil Spill Compensation Fund

GPTKB entity

Statements (60)
Predicate Object
gptkbp:instance_of gptkb:financial_services
gptkbp:affects still being assessed
gptkbp:average_claim_amount approximately 25,000 USD
gptkbp:beneficiary gptkb:tourism
local businesses
fishermen
residents of affected areas
gptkbp:claimant_support_services offered to assist applicants
gptkbp:claims_resolution_timeline varied by case
gptkbp:claims_review_process established for fairness
gptkbp:closing_date gptkb:2016
gptkbp:collaboration local governments
gptkbp:community_feedback sought during operation
gptkbp:community_outreach developed to educate claimants
gptkbp:community_programs funded to aid recovery
gptkbp:created_by gptkb:BP
gptkbp:disbursement_period 2010-2016
gptkbp:environmental_restoration_projects supported through funding
gptkbp:established_in gptkb:2010
gptkbp:evaluates published by independent auditors
set for claims approval
gptkbp:final_audit conducted post-closure
gptkbp:final_payouts completed by 2016
gptkbp:final_settlement_amount determined by claims process
gptkbp:financial_aid provided to affected individuals
gptkbp:funding escrow account
BP's financial resources
based on verified claims
set by initial agreement
gptkbp:has_meetings held to discuss fund operations
https://www.w3.org/2000/01/rdf-schema#label BP Oil Spill Compensation Fund
gptkbp:impact gptkb:Gulf_of_Mexico
conducted post-disbursement
gptkbp:initial_funding_amount initially set at 20 billion USD
gptkbp:is_debated_in open to individuals and businesses
gptkbp:is_funded_by varied by claim type
gptkbp:is_monitored_by implemented for fund usage
gptkbp:legal_framework established by federal law
gptkbp:legal_issue subject to lawsuits
gptkbp:legislation gptkb:Oil_Pollution_Act_of_1990
gptkbp:local_economy significant during recovery period
gptkbp:major_city several high-profile cases
gptkbp:managed_by gptkb:Gulf_Coast_Claims_Facility
gptkbp:media_coverage extensive during its operation
gptkbp:partnerships formed with NGOs for outreach
gptkbp:provides_oversight_for gptkb:U._S._Department_of_Justice
ensured by third-party auditors
gptkbp:public_awareness conducted to inform claimants
gptkbp:public_perception mixed reviews
gptkbp:purpose compensate victims of the oil spill
gptkbp:related_to gptkb:Deepwater_Horizon_oil_spill
gptkbp:reports_to annual financial reports
gptkbp:result issued after closure
gptkbp:stakeholders BP, government agencies, local communities
gptkbp:successor_programs developed for ongoing support
gptkbp:total_amount_allocated 20 billion USD
gptkbp:total_claims_filed over 1 million
gptkbp:transparency_measures implemented to ensure accountability
gptkbp:bfsParent gptkb:Kenneth_R._Feinberg
gptkbp:bfsLayer 7