In Oil Spill Liability Mess, BP Gets Stuck With Its Own Deal


Barrett, Paul M. [2014], “In Oil Spill Liability Mess, BP Gets Stuck With Its Own Deal”, Business Week, New York, 04 de marzo,

Business Week
Fecha de publicación: 
Martes, Marzo 4, 2014
Idea principal: 

BP had another very bad day in Louisiana. For the second time in two months, a federal appeals court panel told the London-based energy producer that it's stuck with the multibillion-dollar deal it made with plaintiffs' lawyers to settle one portion of its enormous liability stemming from the Apr 2010 Gulf of Mexico oil spill. BP has argued for a year that the administrator overseeing the settlement has been paying out hundreds of millions of dollars in unsubstantiated claims to small business owners in the gulf region. This setback is even worse for BP than it sounds. Not only does BP have to continue paying the private business claims, it also faces a trial before federal trial judge Carl Barbier in which the federal government is seeking $17 billion or more in environmental penalties.