Archive for August, 2015

BP Oil Spill Settlement Funds Go Beyond Gulf Coast

August 26th, 2015 by Amaro Law Firm

A recent Associated Press report revealed that several communities more than 100 miles from the Gulf Coast received funds from the record-setting BP oil spill settlement. The record-setting $18.7 billion BP oil spill settlement included $687.4 million earmarked for communities affected by the disaster. The AP report showed that almost $8 million of that amount

Local government agencies charged with restoring the Texas Gulf Coast wetlands announced the amounts they would receive from the record-setting BP oil spill settlement. The Gulf Coast Ecosystem Restoration Council has earmarked $8 million from the BP oil spill settlement to restore parts of Galveston Bay damaged from the 2010 disaster. Groups in charge of

Could BP Oil Spill Settlement Be Used As A Tax Write-Off?

August 12th, 2015 by Amaro Law Firm

A senior policy analyst for the U.S. Public Interest Research Group wrote that the federal government should make sure that the oil giant does not use the BP oil spill settlement funds as a deduction. The consumer watchdog group released a report showing that the British oil company could write off as much as $4.6

The terms of the recent BP oil spill settlement have attracted concerns from Florida’s senior senator. U.S. Senator Bill Nelson (D-Florida) wrote a letter to U.S. Attorney General Loretta Lynch expressing his views that the public should be allowed to speak out on the BP oil spill settlement terms. The letter also maintains that some