Thursday, July 15, 2010

BP Has Stopped the Oil Leak

BP says a new cap has stopped oil from leaking into the Gulf of Mexico for the first time since April.

BP has been slowly dialing down the flow as part of a test on a new cap. Engineers are now monitoring the pressure to see if the broken well holds. NPR
Claims will begin to be paid in August:
With the disaster nearly three months old, the man in charge of the $20 billion fund set up by BP to pay individuals and business for their losses said it will start making payments in early August.

Ken Feinberg, who was in charge of the compensation paid to families of victims in the Sept. 11 terrorists attacks, told a meeting of government officials in Louisiana that he expected a seamless transition from BP management of claims to his administration.