Jim Hood hopes audit in best interests of Gulf oil spill victims

JACKSON, Mississippi — Mississippi Attorney General Jim Hood says he hopes an audit to be performed on the $20 billion fund set up to compensate victims of last year’s BP oil spill is in the best interests of Gulf Coast residents.

Hood’s comment came today, one day after U.S. Attorney General Eric Holder announced the audit in a letter to the fund’s administrator, Kenneth Feinberg. Holder stressed that the goal is to balance the need for resolving claims quickly and fairly along with the need to start an audit before the end of the year.