BP is using "coercive tactics" to force victims of the 2010 Gulf of Mexico oil spill to agree to final settlements with its claims fund, lawyers suing the company said. BP set up the $20 billion (Dh73.46 billion) Gulf Coast Claims Facility to pay emergency, interim and final payments to the victims under the provisions of the US Oil Pollution Act. Lawyers for property owners, businesses and others claiming harm say victims have been forced to sign releases for inadequate payments because they could no longer afford to wait for full compensation. A federal judge should appoint a special master to oversee the process, the lawyers said in papers filed in federal court in New Orleans. They also asked US District Judge Carl Barbier, who is overseeing the litigation, to "suspend the effectiveness" of any releases signed by spill victims who received money from the fund. "BP has failed to comply with the letter and spirit of OPA, a law designed to provide an interim claims process," according to the filing. Article continues below "The GCCF will respond to the filing in due course," Kenneth Feinberg, administrator of the BP fund, said in an email.
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:22 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:00 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:28 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor