National Fisherman


BP has argued for months in federal court and high-profile newspaper ads that the oil-spill settlement it signed in 2012 should be scrapped if what it believed to be fraudulent payments continued. But the company lost that option late Friday when the Fifth U.S. Circuit Court of Appeals upheld the existing framework for reviewing claims and disbursing funds.
 
The ruling narrows BP's options for avoiding what it says are millions of dollars in payments to individuals and business not harmed by the 2010 oil spill in the Gulf of Mexico.
 
A BP spokesman said the decision still leaves open the question of whether court-appointed administrator Patrick Juneau is interpreting the settlement accurately—an issue BP has raised with another set of Fifth Circuit judges that is pending.
 
The company contends Mr. Juneau is ignoring language in the settlement requiring proof that a claimant actually was damaged by the Deepwater Horizon spill, which it says has allowed widespread fraud. Mr. Juneau has said he is interpreting the settlement correctly.
 
"The company will continue to press its position on the agreement's threshold requirement that claimants' losses must be traceable to the spill," spokesman Geoff Morrell said in a statement.
 
BP once estimated spill claims paid from the settlement's funds would cost the company $7.8 billion, a figure that was raised to $9.4 billion. Now those payouts could reach $14 billion, according to Tom Claps, a legal analyst with Susquehanna Capital.
 
Read the full story at the Wall Street Journal>>

Inside the Industry

The following was released by the Maine Department of Marine Resources on Jan. 22:

The Maine Department of Marine Resources announced an emergency regulation that will support the continued rebuilding effort in Maine’s scallop fishery. The rule, effective January 23, 2016, will close the Muscle Ridge Area near South Thomaston and the Western Penobscot Bay Area.

Read more...

Louisiana’s Department of Wildlife and Fisheries, which governs commercial and recreational fishing in the state, got a new boss in January. Charlie Melancon, a former member of the U.S. House of Representatives and state legislator, was appointed to the job by the state’s new governor, John Bel Edwards.

Although much of his non-political work in the past has centered on the state’s sugar cane industry, Melancon said he is confident that other experience, including working closely with fishermen when in Congress, has prepared him well for this new challenge.

Read more...
Try a FREE issue of National Fisherman

Fill out this order form, If you like the magazine, get the rest of the year for just $14.95 (12 issues in all). If not, simply write cancel on the bill, return it, and owe nothing.

First Name
Last Name
Address
Country
U.S. Canada Other

City
State/Province
Postal/ Zip Code
Email