The US Supreme Court turned down a rquest of BP Group to review the Fifth Circuit decisions relating to compensation of claims for losses "with no apparent connection to the Deepwater Horizon oil spill" in the Gulf of Mexico in April, 2010.
Regretting the denial of the request, Geoff Morrell, BP America's Senior Vice President of US Communications and External Affairs said in a statement on Monday: "When it became apparent that the settlement agreement was being misinterpreted, we sought a remedy in the courts.
"We were successful before the Fifth Circuit in correcting the "matching" accounting rules fashioned in error by the claims program, and we are hopeful that the new policies will improve the program's compliance with the terms of the settlement agreement.
"Unfortunately, however, the Supreme Court has declined to review the lower court decisions relating to causation," Morrell said.
"We nevertheless remain concerned that the program has made awards to claimants that suffered no injury from the spill - and that the lawyers for these claimants have unjustly profited as a result.
"On behalf of all our stakeholders, we will therefore continue to advocate for the investigation of suspicious or implausible claims and to fight fraud where it is uncovered.
"In doing so, we hope to prevent further exploitation of our commitment to compensating all those legitimately harmed by the spill," he added.
GMT 19:23 2018 Saturday ,06 January
Cyprus jails ex-CEO at top bank for market manipulationGMT 17:13 2017 Sunday ,31 December
German union steps up fight for 'modern' 28-hour weekGMT 18:31 2017 Saturday ,23 December
Ryanair faces first-ever pilot strike in GermanyGMT 17:02 2017 Wednesday ,20 December
Greek parliament approves 'final bailout' budgetGMT 09:27 2017 Friday ,15 December
Latest Monsanto GMO seeds raises worries of monopolyGMT 17:17 2017 Thursday ,14 December
Dutch to join Austria to fight German road toll planGMT 18:54 2017 Tuesday ,05 December
Venezuela creating digital currency amid financing crisisGMT 15:03 2017 Monday ,04 December
Venezuela to create digital currency amid financing crisisMaintained 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