BP Establishes $100 Million Fund Through Baton Rouge Foundation

BP Establishes $100 Million Fund Through Baton Rouge Foundation

Release date: 30 July 2010

BP today announced that it will establish a $100 million charitable fund to support unemployed rig workers experiencing economic hardship as a result of the moratorium on deepwater drilling imposed by the United States federal government.

The Rig Worker Assistance Fund will be administered through the Gulf Coast Restoration and Protection Foundation, a supporting organization of The Baton Rouge Area Foundation (BRAF).

This voluntary donation fulfills the commitment BP announced on June 16 to provide $100 million in assistance as a gesture of good will for the people of the Gulf Coast region.


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