BP Plc is stalling on payments to economic victims of the Gulf of Mexico oil spill, according to Kenneth Feinberg, administrator of a $20 billion compensation fund.
"I have a concern that BP is stalling claims. Yes, BP is stalling. I doubt they are stalling for money. It's not that. I just don't think they know the answers to the questions," Feinberg said.
Feinberg was named last month to administer the fund, and his comments mark the first time he has accused BP of holding up payments.
Victims have 90 days from when the well is permanently sealed to file claims, but Feinberg emphasized that the deadline only applies to emergency funds.