Kenneth Feinberg, the administrator of the BP Deepwater Horizon Disaster Victim Compensation Fund, outlined the process for reimbursing business owners hit hard by the oil spill in the Gulf Coast during his testimony Wednesday before the House Small Business Committee.
Mr. Feinberg said there are two important prerequisites for securing compensation through the fund.
“One, is the claim eligible, is it even appropriate to file a claim. Even if you have an eligible claim, corroborate it. You have to corroborate your claim. You can’t come in and say ‘I’m out of work,’ ‘I’m losing $5 thousand a month, pay me.’ Show me you are out of work,” said Feinberg.
Rep. Vern Buchanan (R-Fla.) asked what can be done for motel and restaurant owners who live in his district, where no tar balls have rolled up on the beaches, but because of perception tourism is down 50 percent.
“This is a very tough issue, I mean there is not enough money in the world to pay every single small business that claims injury no matter where or when,” Feinberg responded.
Feinberg will draw from $20 billion escrow fund established this month to offer small businesses long-term lump sum payments instead of month-to-month emergency payments. There are currently 35 claims locations located in the Gulf Coast Region. Claims can also be filed online.
“I welcome and urge all eligible claimants to file a claim with this facility that has been established under my direction,” Feinburg said. “Anybody, any private individual, or company who feels that they have a valid claim to draw out of this facility, should file a claim.”
Faith Organizations Saddened By Gulf Coast Tour
By Robert Hune-Kalter - Talk Radio News Service
Members from many faith-based organizations toured the Gulf Coast coast Wednesday and told reporters they are concerned with how Gulf Coast citizens are handling the effects of the Deepwater Horizon oil spill.
“We are seeing a significant increase in the issues, the mental health issues, the depression, people are tending to fall apart now, it’s really ramping up, the loss of composure, particularly for people who have been self-reliant for most of their lives,” said Patty Whitney of Bayou Interfaith Shared Community Organizing.
The faith-based organizations expressed growing concern that after BP caps the spewing well in the Gulf of Mexico, Americans will continue with their lives and forget about the residents of the Gulf who will be affected for decades.
“It is said that America has an eight day memory. Something happens and we get all involved in [it], and in eight to ten days, it passes over,” said Rev. Gerald Durley. “I think we have a moral and a spiritual obligation across faith to keep this at the forefront of the American conscience.”
Rev. Canon Sally Bingham said her most moving experience was seeing the damage being done to America’s Gulf Coastline.
“I think unnecessary risk was taken with nature, and now we’re faced with the worst case scenario,” Bingham said. “Human lives have been lost, creatures destroyed, and some habitats will never recover.”