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BP objects to $34 billion oil spill claims sought by states

2013-02-05 23:21:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up with a figure of $34 billion, which it deems "substantially" overstated. The company has struggled with political, financial and legal fallout ever since the April 2010 explosion, which caused the worst offshore oil spill in U.S. history. The $34 billion total, provided for disclosure reasons with the company's financial results on...

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