BP Plc faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they’ll give the billions of dollars in punitive damages they’re seeking to charity if they win at trial.
A U.S. appeals court withdrew its decision finding BP Plc had access to $750 million in Transocean Ltd.’s insurance to pay costs from the 2010 Gulf of Mexico oil spill, in order to ask the Texas Supreme Court a question on coverage.
BP Plc , the owner of a Gulf of Mexico well that caused a record oil spill, is replacing Anne Womack Kolton as head of U.S. media relations two months after she was appointed, two people familiar with the decision said.
BP Plc’s $8.2 billion settlement of most private economic-damage claims from the 2010 Gulf of Mexico oil spill is unfair and should be rejected, victims opposed to the deal told a federal appeals court.
Owners of BP -brand gasoline stations may receive little or no help from a $60 million aid package as they try to cope with a sales slowdown that intensified after failures in May to end a record U.S. oil spill.
The medical benefits portion of BP Plc’s settlement over the 2010 Gulf of Mexico oil spill is “substantively unfair” and approval of the accord should be reversed, lawyers opposing the agreement told an appeals court.