BP kicks off $20bn spill compensation fund

clock • 1 min read

Company makes first payment to independent fund ahead of schedule

BP has made its first deposit in its $20bn compensation fund, paying $3bn into an independently managed escrow account that is designed to distribute funds to those fishermen, tourist firms and other businesses...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Two thirds of top protein producers accused of failing to manage water risks effectively
Risk

Two thirds of top protein producers accused of failing to manage water risks effectively

Research from investor-backed FAIRR Initiative finds only a fifth of leading protein companies have targets for tackling water insecurity

James Murray
James Murray
clock 26 August 2025 • 3 min read
Global Briefing: Europe endures worst wildfire season on record
Risk

Global Briefing: Europe endures worst wildfire season on record

Europe's fire season has been the most damaging on record, data shows China's carbon emissions fell in the first half of the year, and plans advance for Sweden's first small modular reactor

James Murray
James Murray
clock 22 August 2025 • 8 min read
Green claims under scrutiny: Why businesses must rethink their sustainability sign-off
Risk

Green claims under scrutiny: Why businesses must rethink their sustainability sign-off

Now is the time to take stock, tighten systems, and put rigour at the heart of how sustainability is communicated, writes Kerry Stares from law firm Charles Russell Speechlys

Kerry Stares, Charles Russell Speechlys
clock 20 August 2025 • 5 min read