Saturday, July 26, 2014   

BP files to stop 'fictitious' claims from oil spill
(05-16 18:43)

BP is seeking to stop paying millions of dollars in what it calls spurious compensation claims stemming from the catastrophic 2010 oil spill in the Gulf of Mexico.
The company warned Thursday that the excessive claims are jeopardizing its financial prospects, AP reports.
It has sought an injunction in US courts, arguing that Gulf coast businesses are pursuing multi-million dollar claims for "non-existent, artificially calculated'' losses.
The disaster cost 11 lives and caused extensive damage to the fishing and tourism industries in addition to widespread environmental damage. The company earlier agreed to pay billions of dollars in compensation but now seeks to halt what it feels are unjustified claims.
   
Other World breaking news:
UN says 230,000 have fled homes in Ukraine crisis (07-25 17:53)
Hamas says it fired three rockets at Israel airport (07-25 17:25)
Hollande says Air Algerie flight black box found (07-25 17:12)
Ukrainian dairy products banned by Russia: reports (07-25 17:07)
McDonald's Japan halts sourcing chicken from China (07-25 16:42)
Ukraine reports overnight rebel attacks on border (07-25 16:40)
German airlines cancel more Tel Aviv flights (07-25 15:53)
France sends troopers to protect Air Algeria wreck (07-25 15:07)
Gaza toll tops 800 as Kerry presses humanitarian truce (07-25 14:34)
(Flight MH17) Obama joins other leaders to demand full access to crash site (07-25 12:03)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.