BP wants to stop paying Gulf oil spill victims
The April 20 explosion of the Deepwater Horizon oil rig in the Gulf of Mexico set off a series of headaches for the Obama administration throughout the summer of 2010. In the wake of multiple failed attempts to plug the leak, the administration faced widespread criticism not only for misjudging the scope of the problem (it was the largest accidental oil spill in American history) but also for a response some viewed as slow and error-filled. By July, the leak had finally been plugged, but the aftermath - political and environmental - may linger for years.
NEW ORLEANS - BP is arguing that most victims of last year's Gulf oil spill should not get any more payouts for future losses because the hardest-hit areas are recovering and the economy is growing.
Special Section: Disaster in the Gulf
Many BP oil spill victims wait to be compensated
BP oil rig blast survivors recall day of horror
The British oil company argues its case in a 29-page document made public Friday and filed with the Gulf Coast Claims Facility. The $20 billion fund is responsible for paying for damages from the spill.
The company says the fund should end payments for future losses to everyone, except in limited cases for oyster harvesters.
The company had already argued that fund administrator Ken Feinberg's formula for determining final payments artificially inflates future expected losses.
© 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.