- Oil giant contended firms get payouts despite proof of losses linked to disaster
- Setback for BP, which has paid $2.3bn in economic loss claims to date
The US supreme court on Monday rejected BP’s challenge to a settlement agreement over the 2010 Gulf of Mexico oil spill, which the oil giant said allowed certain businesses to get payouts despite being unable to trace their losses to the disaster.
The court’s refusal to hear BP’s appeal means the London-based company will have to make the payments as it continues to deal with the aftermath of the 20 April 2010 explosion of the Deepwater Horizon drilling rig and rupture of BP’s Macondo oil well.