BP seeks restitution of some Gulf oil spill claims - FOX 8 WVUE New Orleans News, Weather, Sports, Social

BP seeks restitution of some Gulf oil spill claims

As much as 134 million gallons of oil spilled into the Gulf of Mexico in the days following the 2010 explosion, photo via NASA As much as 134 million gallons of oil spilled into the Gulf of Mexico in the days following the 2010 explosion, photo via NASA
NEW ORLEANS (WVUE) -

BP is going back to a federal appeals court in a case involving businesses' damage claims from the 2010 oil spill in the Gulf of Mexico.

The oil giant seeks restitution of some of the money it paid in claims to businesses as part of a 2012 settlement. BP won a revision in the way losses were calculated after arguing that the claims administrator did not correctly match the business’s revenue and expenses.

BP now wants interest on some of the money paid out before the revision was approved. The company says hundreds of millions of dollars were at stake.

A three-judge panel of the 5th U.S. Circuit of Appeals will hear arguments at 10:30 a.m. Thursday.

Eleven workers died on April 20, 2010 when the Deepwater Horizon rig exploded. As much as 134 million gallons of oil spilled into the Gulf of Mexico in the days following the explosion.

After the disaster, more than 328,000 claims were filed by individuals and companies claiming damages from the explosion and the resulting oil leakage. Of these claims, 98,000 were approved and more than 81,000 were denied.

To date, $14 billion has been spent to clean up the oil in the Gulf of Mexico and along the coast.

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