Sunday, July 10, 2011

BP: Stop oil-spill compensation

BP wants to stop paying most people affected by the massive 2010 Gulf of Mexico oil spill for potential future damages because the region has recovered, a document released Friday said.

The tourism industry is booming, all federal fishing grounds have reopened, and the shrimp catch has been plentiful, BP said. "The current economic data do not suggest that individual and business claimants face a material risk of future loss caused by the Deepwater Horizon oil spill," BP said in a 29-page document filed with the Gulf Coast Claim Facility, which is handling compensation claims.

Source: Channel NewsAsia

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