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.
FULL ARTICLE PUBLISHED 21 MAY 2014: BP’s bill for Gulf of Mexico oil spill could rise by billions after it loses appeal to halt ‘unjustified’ compensation claims
FULL ARTICLE PUBLISHED 22 MAY 2014: BP to ask Supreme Court to hear claims issue
COMMENT BY JOHN DONOVAN
Imagine what could happen to Royal Dutch Shell if it met with further calamity in its Alaskan adventures, where the challenges are even greater than in the Gulf of Mexico. So far Shell it is only down $5 billion.
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