Fishermen along the Gulf Coast are unhappy about BP's plan to compensate them for lost wages.
The oil giant's formula for calculating those payments is causing controversy and distress among workers who make their living at sea. The compensation proposal is based on wages from their slowest earning season.
According to the fishermen, the oil company has offered them one month’s wages, using a formula that takes a three-year average of their income between January and March—their least productive season.
The oil disaster started on April 20, just as the fishermen’s high season was beginning. “Shrimp season is getting ready to open,” fisherman Lester Ansardi of Hopevale, La, told CNBC Wednesday. “Crab season is just picking up.