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The Dangers Of A Bullish Oil Market

The Dangers Of A Bullish Oil Market

Geopolitical tensions continue to threaten…

Florida becomes the Fourth State to Sue BP and its Contractors

Florida becomes the Fourth State to Sue BP and its Contractors

Will BP ever be able to move on from the disastrous oil spill that occurred in the Gulf of Mexico back in 2010? Just as they seem to be nearing the end of the debacle, something else pops out of the woodwork.

On Saturday the state of Florida filed a lawsuit against BP and its cement contractor Halliburton, becoming the fourth state to seek compensation for the effects of the Deepwater Horizon spill.

Florida’s attorney general Pam Bondi, has filed the complaint in the United States District Court in Panama City, where the federal court has jurisdiction under the Oil Pollution Act of 1990. The charges against BP include failure to change the batteries on the rig’s blowout preventer, and Halliburton is charged with installing faulty cement barriers.

Related article: Why the Rush to Return to the Gulf of Mexico?

Florida is the fourth state trying to sue BP and its contractors; on Friday Mississippi filed a case after BP posed unwilling to discuss any settlement, joining Alabama and Louisiana who are already involved in a federal trial in New Orleans.

The city of Houston, where BP has its US headquarters, has also announced its intention to sue BP for $23 million in lost sales tax.

By. Joao Peixe of Oilprice.com



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