cherrytree group llc logo

Cherrytree Group LLC Blog

RSS Grab the Cherrytree Group Real Estate Blog feed

Get e-mail notifications of new blog posts! Enter email address below.


Delivered by FeedBurner

 

Local BP Gas Station Owners File Claims and Try to Recoup Lost Sales

Joseph Coupal - Monday, December 27, 2010

By Kristina Rodriguez, Paralegal

BP Gulf Oil Spill

As a result of the BP oil spill this summer, not only was the Gulf Coast victimized, another group of people were affected right here in New England; the BP gas station owners. Although they are affiliated with BP, many of them had no choice in rebranding their gas station with the BP logo due to contractual obligations. As the oil spill continued for days, then weeks and then months, the public became incensed and frustrated by BP’s inability to cap the destructive oil spill.

People wanted to punish BP for what they had done to our coast and began to protest by boycotting local BP gas stations in New England. I myself considered joining the boycotts so that I could personally serve some justice on the oil giant. I am from the Gulf Coast, so this situation hit home and was not just a distant incident that bore no direct relation to me. The news of this monstrous oil spill leaking millions of barrels into “my Gulf” left me utterly devastated. I grew up swimming in those clear aqua green waters and eating the best seafood I had ever tasted. To think that all this would be contaminated for years to come because some oil company refused to stop drilling when pressure levels were unsafe was infuriating! Though I was upset, I realized that if we boycott local BP gas stations, these local station owners who are members of our community will go out of business. Though BP might go bankrupt, this would not help since they would not be able to pay any of their claims. The better way to hold BP accountable for its extreme negligence is to demand compensation for all of the damage they have inflicted on innocent people.

In July I met with one of the local BP gas station owners for the first time. His station was the target of boycotters and sales had dropped significantly. This man, who is now our client, had invested all of his money in this business with the hopes of attaining the American dream and was now faced with losing his livelihood, the means to provide for his family. Because of this I became even more determined to hold BP accountable. I immediately began setting up a claim package on his behalf to submit to BP. Every news article, proof of boycotts, and financial records were gathered to show the direct causation between the oil spill and the gas station’s sudden loss of income. All of these items have been submitted with the hope that BP will approve the claim and compensate the claimant. It is a tedious process that takes time more so now than ever since BP has transferred the claims process to another facility. But The Cherrytree Group believes in giving our clients a voice to exact justice and in holding corporations accountable for their avaricious recklessness. This firm works hard to create and submit claim packages to BP on behalf of our clients in return for just compensation for their losses.

Hopefully this spill has been a wake-up call for all of the oil companies to practice more caution and exercise more safety measures. Their profits were not worth the eleven lives lost and the thousands of lives destroyed.


Recent Posts


Tags

solar energy properties commercial tax credits, New Bedford economics of environmental projects brownfields tax credit federal and state tax credits commercial real estate attorney solar energy new york pops foreign investors federal tax credits low-income housing tax credits large capital projects sources of funding wind subsidies 1603 Grant commercial tax credits, Lowell how REITs works offshore wind Former Getty owners investment into business Seattle citizens housing and planning association commercial real estate economy contractors, Boston, MA investments Chapter 40B vote results distressed asset investment American Recovery and Reinvestment Act of 2009 - Section 1603 investing in apartments, MA Transactional Law Group tax credit syndication Quincy, MA economic slump solar ITC motion picture tax credits distressed assets office space small residential properties Quincy Broad Medows Salt Marsh brownfields tax credits commercial real estate lawyer equity financing energy companies sustainable technology Massachusetts brownfields tax credit energy efficient property financing solar installations raising capital, MA borrow money tax credit programs, New Bedford 40B credited with spurring upwards of 80% new development invest in development projects tax-excempt bonds federal energy regulatory commission tax credit sydication historic rehabilitation tax credit wholesale energy brownfields tax credit, MA finance Massachusetts state tax credits fuel cells REIT industry tax incentives commercial tax credit trash facility renewable energy certificates visas for buying homes solar energy array projects invest in commercial real estate hedging transactions Massachusetts Contingency Plan largest accidental marine oil spill Brownfields Act, economically distressed areas, Massachusetts Brownfields Tax Credits, Massachusetts Contingency Plan, MGL Ch 21E, RAO, remedy operation status, renewable energy, sale of tax credits, tax advantaged development, tax credit syndication, tra federal tax Credit venture capital real estate lawyer small business loans energy efficient tax deductions Business Financing methods of renewable energy production EB-5 Green Card Program preservation of mills energy production heat and power tax breaks banking real estate deals equity requirements private investments business loans remedy operation status informational technology business investment building improvements REITs, Boston negative environmental effect tax credits to help economy develop renewable energy systems private sector investment historic and low income housing NMTC destructive oil spill commercial building tax deductions tax credits solar energy production historic tax credit brownfields projects, MA capital requirements solar system historic preservation tax credit clean technology solar renewable energy credits commercial multitude of renewable resources tax credit investments distressed asset investment fund solar power development investing in commercial real estate, Boston wind energy credits community development entity tax incentive deals declining property values renewable energy expensive to produce commercial leases credit line funding HUD insured mortgages economically distressed areas brownfields redevelopment, CT solar power gas station loss of income renewable energy tax credits Boston investment objectives green energy new normal brownfields laws 1603 Treasury Grant Massachusetts Brownfields Tax Credits energy tax credits american recovery and reinvestment act new market tax credit energy systems income tax credit development in Massachusetts Housing Development Incentive Program, MA Historic rehabilitation tax credits, MA investments in solar energy Brownfields programs EB-5 commercial energy tax deductions wind farm development thayer morgan interivew Federal Historic Rehabilitation Tax Credit sale of a tax credit renewable energy solar initiatives solar pilot program RI Massachusetts Ballot Questions, Question 2 Explained multi-family apartments renewable resources cleantech capitals developing real estate, MA real estate investment, Boston renewable energy program renewable energy incentives capital line funding private equity offerings green energy projects tax credits for gateway cities, New Bedford restoration projects solarize Massachusetts small business sale of tax credits monetizing your tax credits biomass power economic development bill, MA expensive to produce credits commercial tax credits brownfields tax credit, CT Chapter 40B explained NIMBY not in my back yard Commercial Real Estate Loan Amortization Periods tax incentives and credits value-added services Kirshenbaum Real Estate non-bank resources for capital funding multi-family housing, MA monstrous oil spill LIHTCs multi-family construction Historic rehabilitation tax credits distressed asset sales Cape Cod commercial real estate in MA depressed and booming markets affordable housing capitalism polluted sites tax credit, New Bedford borrowing by small businesses investing in commercial real estate real estate investment trusts, Boston Chicago transfer of tax credits Brownfields credits alternative funding sources renewable energy credits Louisianna Brownfields Act, MA loaning money to consumers Gulf Coast victimized sale of renewable energy credits commercial real estate investments boycotting BP gas stations wind power technology capital finance gasoline price fixing making money with commercial real estate buy commercial real estate, MA outsourcing biodiesel fuel cell initiatives deduction for energy efficient buildings developing real estate in MA wind power capital funding BP Gas station owners Austin build green infrastructure investment independent gas station owners low-income neighborhoods wind tax credit capital commercial real estate owners geothermal power commercial properties tax deductions american symphony orchestra tax credit consultant LIHTC tax credits MGL Ch 21E federal low income housing tax credit SRECs hydro electric power low income housing tax credits tax credit broker The Cherrytree Group wind farm tax credit environmental projects clean energy foreign capital solar investment tax credit oil spill Brownfields Tax Credits, MA investors in renewable energy the difference between tax credits and tax deductions invest in real estate hydro power real estate strategy real estate projects Plymouth, MA money lending CHAPA tax advantaged development energy tax credit invest downturn Commonwealth Solar Rebate Program secure capital Massachusetts gas station owners brownfields, CT urban redevelpment cleantech cities foreign investment deepwater horizon oil spill residential real estate new markets tax credit program alternate funding Kirshenbaum Law, Cherry Tree, LLC, Real Estate, MA distressed asset investment fund, ma capped landfills free up capital business solar investment tax credit brownfields, MA investing in real estate in MA gasoline market manipulation portability of tax credits NYC tax credits construction jobs brownfields redevelopment, MA landfill gas facility RAO historic building tax credit, New Bedford private equity offerings, ma new market workforce development rehabilitation private equity, MA market rate housing tax credit, MA San Francisco tax credits on brownsfields commercial tax credits, Fall River rownfields Act real estate, Boston real estate development Housing Development Incentive Program sydicator of tax credits tax credit to spur redevelopment solar projects REITS investing in surface parking lots renewable energy industry REIT new markets investments tax planning strategies non-renewable energy sources wholesale acquisitions devastating environmental damage examine tax credits community development financial institutions solar investment tax EPA brownfields grant money Broad Medows Salt Marsh equity investments traditional funding massachusetts non-profit list of brownfields sites financial incentives to develop real estate in MA tax deductions obtaining capital San Jose cherrytree group llc private equity offerings venture development capital MA BP oil spill new energy technologies new markets tax credits preservation of historic buildings solar power initiative development of the renewable energy industry MA permitting procedure visas for imigrants Cape Wind qualified energy conservation bonds news QECBs private sector investments Brownfields sites residential properties LIHTC recession buy real estate, MA Brownfields sites, MA real estate attorney economic growth developers, Boston, MA new housing developments investing in apartment projects, MA federal government solar facilities commercial buildings solar farms hydro energy production solar energy development more control over financing costs weak economy EB-5 Regional centers Martha's Vineyard REIT investments Tax Credit wind Warren Kirshenbaum real estate investments tenant representative asset stripping real estate attorney, ma laws of Brownfields debt-service global energy demand commercial real estate investment microturbines business renewable energy jobs partial equity participation capital raising questions, MA real estate lawyer, MA tax credits to fix up historic buildings commercial tax credit attorney real estate properties FERC investing in surface lots commercial tax credits, MA community block grants geothermal business capital real estate thayer morgan new market tax credits investing in parking lots build a wind farm investment tax credits community development cost of producing renewable energy SREC The Transactional Law Group - MA biomass facilities brownfield redevelopment, CT Massachusetts expiring tax credits Massachusetts tax credits renewable energy tax break Rhode Island RECs marine and hydrokinetic, solar solar capacity cleantech real estate investment trusts credit for income producing properties green standards distressed asset investing real estate business asset renewable energy development brownfields private equity tax advantages solar installations private equity' midterm elections Summertime Economy in Boston construction renewable energy projects new markets renewable energy facility solar energy markets

Archive

Disclaimer

This Blog is made available by the lawyer publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog publisher. The Blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.