National Fisherman


A federal judge has given final approval to BP's settlement with a bulk of businesses and individuals who lost money because of the 2010 oil spill in the Gulf of Mexico.

BP PLC has estimated it will pay $7.8 billion to resolve economic and medical claims from more than 100,000 businesses and individuals hurt by the nation's worst offshore oil spill. The settlement has no cap; the company could end up paying more or less.

U.S. District Judge Carl Barbier, who gave his preliminary approval in May, made it final in a 125-page ruling released Friday evening.

"None of the objections, whether filed on the objections docket or elsewhere, have shown the settlement to be anything other than fair, reasonable, and adequate," he wrote.

Read the full story at Claims Journal>>

Inside the Industry

The Atlantic States Marine Fisheries Commission recently released the preliminary agenda and public comment process for its 75th annual meeting which will be held October 23-27 in Bar Harbor, Maine.

 

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The Obama Administration recently announced that it is looking for candidates to be considered for a sustainable fishing prize.

The White House Champion for Change for Sustainable Seafood designation will honor individuals for “contributing to the ongoing recovery of America’s fishing industry and our fishing communities.”

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