BP wants certain Gulf spill settlement payments stopped

04/5/2013 | Bloomberg

U.S. District Judge Carl Barbier should bar BP's settlement claims administrator Patrick Juneau from making certain payments related to the 2010 Gulf of Mexico oil spill, the U.K. oil major said. BP has been exposed "to hundreds of millions of dollars in fictitious 'losses' that were never contemplated by the agreement," the company said. "Although the ultimate exposure is at this time inestimable, it grows daily and could cost BP billions."

View Full Article in:


Published in Brief: