BP’s hopes of limiting the cost of compensation for its 2010 oil spill in the Gulf of Mexico have been dealt a severe blow by the US Supreme Court, which has refused to hear the case over what the UK oil company has described as unjustified payments.
The rebuff to BP and its supporters, including the British government and US business groups, was described by lawyers for claimants seeking compensation as “a huge victory for the Gulf”.
As a result of this refusal, the cost of the settlement BP agreed in 2012 to compensate victims of the spill is expected to rise above the $9.7bn the company has set aside in its accounts.
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