Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Supreme Court Rules BP Must Keep Paying For Spill


NPR's Business News begins with no cap for BP. The Supreme Court ruled yesterday that the oil giant BP has to keep paying under a settlement it reached with private oil spill victims. The company's been sending money to businesses affected by the 2010 Gulf of Mexico spill. BP wanted the Supreme Court to stop those payments while it asks the court whether businesses should have to prove direct harm from the disaster. The company argues that the terms of the settlement are being misinterpreted, allowing businesses to file claims for damages unrelated to the spill, costing BP hundreds of millions of dollars. But lower courts have rejected BP's argument, noting that the company was aware of the terms when it agreed to the multibillion-dollar deal. Transcript provided by NPR, Copyright NPR.

News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.