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U.S. court rejects BP bid to require proof of Gulf oil spill losses

2013-12-25 17:50:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: BP Plc has failed to persuade a U.S. federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster. U.S. District Judge Carl Barbier in New Orleans said the British oil company would have to live with its earlier interpretation of a settlement agreement over the spill, in which certain businesses could be presumed to have suffered harm if their losses reflected certain patterns. Barbier...

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