The shoreline of Bay Jimmy, which was heavily impacted by the Deepwater Horizon oil spill, is seen in an area that has tar mats and oozing crude oil on the marsh platform, in Plaquemines Parish, La., Friday, Sept. 27, 2013. (AP Photo/Gerald Herbert)
This article has been corrected since it first published.
Sorry, BP: You’re still going to have to pay damages for the Gulf oil spill. A divided New Orleans appeals court ruled late Monday that the oil giant has to stick to the terms of its $9.2 billion settlement with the spill’s victims.
The decision reverses an earlier ruling in BP’s favor, and now requires the company to compensate even those businesses that can’t directly trace their damages to the spill. From Reuters:
U.S. District Judge Barbier had ruled that BP would have to live with its earlier interpretation of a multi-billion dollar settlement agreement over the spill, in which certain businesses claiming losses were presumed to have suffered harm.
The company argued that this would allow businesses to recover for fictitious losses, but the 5th Circuit rejected its appeal.
‘The settlement agreement does not require a claimant to submit evidence […]