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Law professor available to discuss BP escrow fund

Loyola press release - June 14, 2010

Loyola University College of Law Professor Mitch Crusto, an expert on disasters and environmental management issues, is available to discuss pressure placed on BP by President Barack Obama to create an escrow fund to compensate people and businesses for losses related to the oil spill in the Gulf of Mexico. Crusto is available for telelphone interviews only at this time.

“Even though Obama’s plan may be a good one, I believe a better solution would be to set aside federal stimulus funds, with BP reimbursing the government instead,” said Crusto.

Recently, Crusto and select law students from Loyola’s College of Law met with The Academy for Critical Incident Analysis at John Jay College of Criminal Justice to collaborate on a BP/Katrina disaster case study, “Displacement as an Obstacle to Recovery.” The study focused on the outward migration of people away from New Orleans and the gulf region as a major obstacle to recovery of the city.

In addition to the above mentioned study, Crusto has published numerous other scholarly papers relating to disasters and environmental management issues, including “The Katrina Fund” and "Endangered Green Reports" in Harvard Law’s Journal on Legislation and “Green Business: Should We Revoke Corporate Charters for Environmental Violations?” published in the Louisiana Law Review. He has also served as an environmental consultant with Arthur Andersen and director of environmental policy at Monsanto Corporation in St. Louis, Mo.

To schedule an interview with Crusto, contact James Shields in Loyola's Office of Public Affairs at jshields@loyno.edu or 504-861-5888 or contact Crusto directly at 314-323-9307.

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LoyNews is an e-newswire produced by the Loyola University New Orleans Office of Public Affairs. LoyNews is distributed weekly to local, regional and national news media outlets, communicating the latest news and accomplishments of the university and its community.

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