BP Rejects Claims for Drill-Ban Losses, Cleanup-Boat Damages
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BP Plc said it isn’t responsible for damages to boats that participated in its oil-spill cleanup program or for the losses of Gulf Coast businesses idled by the U.S. deep-water drilling moratorium.
The U.S. Oil Pollution Act, which requires companies to compensate people and businesses harmed by an offshore spill, makes clear that liability is “limited to damages directly caused by a covered oil spill and that indirect or derivative losses are not compensable,” BP said in papers filed yesterday in federal court in New Orleans.