BP Opposes Extending Spill Accord to Moratorium Losses
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BP Plc’s oil-spill claims administrator shouldn’t be allowed to extend a settlement to cover the claims of losses caused by the Obama administration’s deep-water drilling ban, the company told a court.
Lawyers for businesses claiming harm from the 2010 spill made a proposal last month to use damage formulas set out in BP’s settlement of economic-loss claims to compensate additional enterprises for losses stemming from the government’s post-spill suspension of deep-water drilling in the Gulf of Mexico.