BP to Ask UK Government to Intervene on Gulf Spill Payments: BBC
BP is still fighting a court battle in New Orleans over fines and other potential spill liabilities, but it struck a deal last year with a wide range of compensation claimants, including businesses.
The total amount was not set, and BP has set aside over $8 billion to make the payments, but it now sees those business economic loss (BEL) payments escalating, and is challenging the way they are being calculated – calling some of the claims “fictitious” and “absurd”.
It has already lost one appeal to have the payments stopped and now plans to go to a higher court.