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US Court – No End Yet for BP’s Deepwater Spill Costs

Published at 12:50PM - 29/09/14

BP has been told by a New Orleans court that it must keep to the agreement it originally made with businesses compensated for the losses sustained in the oil-spill disaster of 2010. The oil giant tried to argue that some of the subsequent loss claims were excessive and over-estimated, saying that a flawed calculation formula for assessing compensation amounts meant that almost 800 firms were able to over-estimate their claims.