Extracts from articles published by The Daily Mail newspaper on 21st & 22nd of May 2014
BP’s bill for its Gulf of Mexico oil spill could rise by billions, after it lost an appeal to halt compensation claims it believes are unjustified. A US court refused to overturn a decision that claimants do not have to prove their losses were related to the 2010 disaster. The defeat means BP’s total estimate of Gulf of Mexico costs, some £25.4bn, could rise even further, depending on the final scale of environmental penalties.
BP PLC said Wednesday it will ask the U.S. Supreme Court to decide whether businesses must prove they were directly harmed by the 2010 Gulf Of Mexico oil spill to collect payments from a 2012 settlement. “No company would agree to pay for losses that it did not cause, and BP certainly did not when it entered into this settlement,” the company said in a news release.
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