• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days They pay YOU to TAKE Natural Gas
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 2 days What fool thought this was a good idea...
  • 4 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 7 hours A question...
  • 11 days The United States produced more crude oil than any nation, at any time.
EU Unleashes Sweeping Sanctions Against Moscow and Minsk

EU Unleashes Sweeping Sanctions Against Moscow and Minsk

The European Commission presents a…

Oil, Gas Activity in U.S. Holds Steady

Oil, Gas Activity in U.S. Holds Steady

The total number of active…

U.S. Court Rules Against BP In Gulf Spill Claims Case

BP has already paid $14 billion to clean up the 2010 Deepwater Horizon oil spill in the Gulf of Mexico and $13 billion in compensation for the disaster. Now a U.S. appeals court has ruled that it is also liable for as much as $18 billion more in fines for violating U.S. pollution laws.

On May 28, in a 2-1 vote, the 5th U.S. Circuit Court of Appeals in New Orleans said it would not suspend BP’s liability while the company appeals an earlier ruling that exempted some businesses from having to prove direct harm from the disaster before they can collect compensation.

The oil giant has asked the U.S. Supreme Court in Washington to reverse that decision, arguing that it means “countless awards totaling potentially hundreds of millions of dollars will be irretrievably scattered to claimants that suffered no injury traceable to BP's conduct.”

BP says the claims administrator has already approved “$76 million to entities whose entire losses clearly had nothing to do with the spill, such as lawyers who lost their law licenses and warehouses that burned down before the spill occurred.”

It also cited an additional $546 million to individuals and businesses harmed after the spill, but not because of it.

Related Article: BP Return to Gulf of Mexico Marks U.S. Energy Sea Change

The Deepwater Horizon, an offshore oil well in the Gulf of Mexico near New Orleans, was owned by BP and Anadarko Petroleum Corp. when it exploded in April, 2010, killing 11 rig workers and spewing crude oil into the Gulf for nearly three months.

Initially, BP estimated total claims would not exceed $7.8 billion. Later, it complained that the claims administrator was adding hundreds of millions of dollars to that cost by allowing individuals and businesses to collect on what it said were false claims.

ADVERTISEMENT

Nevertheless, BP acknowledges that many claims have been legitimate, including from businesses dependent on tourism and seafood harvesting -- industries that have been hurt by oil in the water and on local beaches.

By Andy Tully of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News