Environment & Energy

Eugene

(61,860 posts) Sun Jan 12, 2014, 03:42 PM Jan 2014

BP loses bid over Gulf oil payouts

Source: BBC

12 January 2014 Last updated at 11:45 GMT

BP loses bid over Gulf oil payouts

BP has lost an appeal to cancel the terms of its multi-billion-dollar settlement with businesses over the 2010 Gulf of Mexico oil spill disaster.

A US federal appeals court on Saturday upheld the terms of the original 2012 settlement.

The UK oil giant has supported compensation for businesses harmed by the disaster.

But it argued that the terms of the existing deal meant that some huge sums were being paid for false claims.

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Read more: http://www.bbc.co.uk/news/business-25703684

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BP loses bid over Gulf oil payouts (Original Post) Eugene Jan 2014 OP

If they get false claims it's their own fault so they should have to pay it anyway. Kablooie Jan 2014 #1

Kablooie

(18,625 posts)

1. If they get false claims it's their own fault so they should have to pay it anyway.

Reply to Eugene (Original post)

Mon Jan 13, 2014, 03:09 AM

Jan 2014

If they hadn't destroyed businesses there would be no claims they had to deal with.
If you open Pandora's box you have no right to complain about he demons that emerge.

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