July 30th, 2010
09:53 AM ET

BP to set up $100 million fund for struggling rig workers

Rig workers hold signs at a rally in June protesting the drilling moratorium.

BP announced Friday that it will set up a $100 million charitable fund to support unemployed oil rig workers experiencing economic hardship due to the deepwater drilling moratorium imposed by the Obama administration.

The establishment of the Rig Worker Assistance Fund "fulfills the commitment" BP made on June 16 to provide $100 million in assistance "as a gesture of good will for the people of the Gulf region," according to a company statement.

The fund will be administered by the Gulf Coast Restoration and Protection Foundation, a supporting organization of The Baton Rouge Area Foundation (BRAF).

"BRAF has a strong track record of meeting community needs, and we are confident the Foundation will respond effectively to assist the rig workers who today are struggling to make ends meet," BP Managing Director Bob Dudley said in the statement.

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Filed under: BP • Gulf Coast Oil Spill
soundoff (29 Responses)
  1. derrickhand

    if u dont believe in drilling the try walking to town u people act as if they blew the well out on purpose. all u people crying about money just go get another job like we do everytime the oilfield gets slow. its the OILFIELD. quit trying to get rich quick. and for all the shrimpers,fishermen and everybody else, what powers the equipment that makes u money in the first place. its called a disaster because thats what it is. GET OUT THERE AND HELP CLEAN UP INSTEAD OF SITTING AT THE HOUSE CRYING. THEY R PAYING PEOPLE FOR THAT TOO MY NOT BE UR CHOICE OF WORK BUT IT PUTS FOOD ON THE TABLE.AND IT WILL HELP GET ALL U PEOPLE BACK ON THE RIGHT TRACK QUICKER

    August 23, 2010 at 4:01 am | Report abuse |
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