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

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

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.