Monday, August 3, 2015   

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:
Taskmaster Walt Disney disliked ‘deadwood’ (33 mins ago)
Canadian evangelist admits Pyongyang insults (1 hr 6 mins ago)
Hillary pitches her work in US$2m ad campaign (2 hrs 5 mins ago)
(Flight MH370) Specialists and aviation officials to discuss debris (2 hrs 10 mins ago)
Freed from Tamil terrorism, minority in Sri Lanka seeks greater say (2 hrs 36 mins ago)
Slovakian villagers reject temporary camp for asylum seekers (08-03 11:07)
Jordan decries ‘ugly crime’ of torching Palestinian homes (07-31 20:23)
Palestinians denounce ‘settler terrorism’ after baby’s killing (07-31 20:17)
Rat takes a ride on Air India (07-31 20:07)
Ebola vaccine trial successful (07-31 20:06)

More breaking news >>

© 2015 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 2015, 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.