Congressman Jeff Landry (R, LA-03) applauded a modification announced today that will double BP's compensation to commercial shrimpers and crab harvesters impacted by the spill. This change comes just days after Landry wrote BP Claims Fund Master Kenneth Feinberg calling for BP to adjust its compensation formula to meet the needs of Louisiana's seafood industries and a few weeks since Landry grilled Feinberg at a hearing before the U.S. House Committee on Natural Resources.
"I am pleased that BP is fulfilling their responsibility to the hard-working people in Louisiana's seafood industry. While the new formula may not adequately compensate all the losses in the industry, I appreciate Mr. Feinberg's efforts to create a formula better suited to meet the needs of our fishermen, shrimpers, and crabbers," said Landry. "Although today's announcement is a great positive step forward, it is not a complete solution to making all impacted by the spill whole; so I will continue to work hard to make sure our families, friends, and neighbors negatively impacted by the spill are justly compensated for their losses."
BP's prior formula called for two times each claimant's 2010 Actual Documented Losses. It now calls for "four times each claimant's Actual Documented Losses."