Oil group lodges appeal to the US supreme court after finding financial awards vastly exceed its expectations

BP last night mounted a last ditch attempt to limit the costs of its settlement for the victims of the 2010 Gulf of Mexico oil spill by lodging an appeal to the US supreme court to make a final ruling.

Earlier this week the British oil group lost an argument at the fifth circuit appeal court of New Orleans that compensation money was being spent on businesses not directly affected by the environmental damage caused by the Deepwater Horizon.

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