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Jun 27, 2013

BP oil spill: Oil giant challenges Gulf payments

CSMonitor.comBP oil spill settlement payments are being aggressively contested by London-based BP. The company may seek to recover what BP calls 'overpayments' that businesses received from the court-supervised settlement program for the BP oil spill in the Gulf of Mexico.

The Deepwater Horizon oil rig burns more than 50 miles southeast of Venice, La. during the 2010 BP oil spill. BP warned lawyers for many Gulf Coast businesses that it may seek to recover at least some of their clients' shares of the multibillion-dollar settlement if it successfully appeals a key ruling in the legal wrangling spawned by the nation's worst offshore oil spill.

NEW ORLEANS

With an ad blitz and a tersely worded letter, BP is mounting an increasingly aggressive campaign to challenge what could be billions of dollars in settlement payouts to businesses following its 2010 oil spill in the Gulf of Mexico.

Please read full and follow By Michael KunzelmanAssociated Press / June 26, 2013 at: