BP's challenge to oil spill agreement falls through
BP's challenge to a settlement agreement over the 2010 Gulf of Mexico oil spill has been thrown out by the US Supreme Court.
BP's challenge to a settlement agreement has been thrown out
It struck a deal in 2012 to compensate spill claimants but has since argued some businesses were getting payouts even though they were unable to trace their losses to the disaster.
To date BP has paid out £1.5billion in claims but has voiced concern that some businesses which suffered no injury are able to make claims
To date BP has paid out £1.5billion in claims but has voiced concern that some businesses which suffered no injury are able to make claims.
The Supreme Court ruling is the latest setback for BP over the disaster, which marked the largest US offshore oil spill and killed 11 people.
Meanwhile the price of Brent crude oil fell yesterday by more than $2 to a new five-year low of $66.78.