FARMERS, AGRIBUSINESS OWNERS ENCOURAGED TO FILE BP OIL SPILL CLAIMS
Alabama businesses — including farms — affected by the April 2010 BP Deepwater Horizon oil spill may qualify for compensation, according to Alabama Attorney General Luther Strange. No direct evidence of the spill’s impact is required.
Claimant compensation for economic and property damages are based on formulas relating to a change in revenues from 2007-2011. To qualify, BP expects applicants to prove a decrease in revenues following the spill and an increase in revenues for 2011. Financials submitted should match income tax statements.
Settlements are based on the loss of profits plus 25 percent. Filing fees will be deducted from qualifying applicants’ settlements, but non-qualifying applicants will not be charged. Attorney representation is not required.
To date, BP has awarded claimants nearly $9 billion in settlements. Approved claimants should receive payment within six months.
For more information, contact a BP Claims Program representative at 1-855-687-2631. To file claims or access claim forms, visit bp.com/claims.