NEW ORLEANS (AP) — BP is arguing that most victims of
last year’s Gulf oil spill should not get any more payouts for future
losses because the hardest-hit areas are recovering and the economy is
growing.
The British oil company argues its case in a 29-page
document made public Friday and filed with the Gulf Coast Claims
Facility. The $20 billion fund is responsible for paying for damages
from the spill.
The company says the fund should end payments for future losses to everyone, except in limited cases for
oyster harvesters.
The
company had already argued that fund administrator Ken Feinberg’s
formula for determining final payments artificially inflates future
expected losses.
Copyright 2011 The Associated Press.
NEW ORLEANS (AP) — BP is arguing that most victims of
last year’s Gulf oil spill should not get any more payouts for future
losses because the hardest-hit areas are recovering and the economy is
growing.
The British oil company argues its case in a 29-page
document made public Friday and filed with the Gulf Coast Claims
Facility. The $20 billion fund is responsible for paying for damages
from the spill.
The company says the fund should end payments for future losses to everyone, except in limited cases for
oyster harvesters.
The
company had already argued that fund administrator Ken Feinberg’s
formula for determining final payments artificially inflates future
expected losses.
Copyright 2011 The Associated Press.