BP drops effort to retrieve Gulf oil spill payouts

ASSOCIATED PRESS
NEW ORLEANS
Published 02.11.2015 01:24

Energy giant BP is ending its effort to recoup money it paid in economic damage claims to businesses and individuals under a settlement arising from the 2010 Gulf of Mexico oil spill. On Friday, the company filed a motion to withdraw an appeal over what it said were overpayments worth hundreds of millions of dollars and involving more than 790 businesses. After a 2012 settlement with businesses and individuals was approved, BP argued that the claims administrator had not been correctly matching business' revenues and expenses, resulting in overpayments.

Share on Facebook Share on Twitter