BP: hitting out at compensation claims
According to a BBC report, the oil giant claimed that the lawyer administering the compensation fund is misinterpreting the terms of the agreement and making payouts that are too generous.
The company agreed last year to pay compensation to around 100,000 people and companies who claimed the 2010 spill harmed their livelihoods or health.
However, BP claims to have discovered that some companies who made claims were based far from the coast and were given compensation despite records showing their profits had increased in the year of the spill.
According to the report, BP highlighted a $21m payout to a Louisiana rice mill 40 miles inland and $9.7m payment to an Alabama construction company nearly 200 miles from the sea.
In the filing to a New Orleans court, BP said: ‘BP did not agree to pay what is already hundreds of millions of dollars, and potentially billions, to claimants with 'losses' that do not exist in reality.’
Lawyers representing the claimants responded by accusing BP of undervaluing the settlement and underestimating the number of people and business who meet the claim criteria which BP had agreed to.