AP – BP won’t stop spending at $75M cap

AP – BP won’t stop spending at $75M cap

WASHINGTON — BP’s top lobbyist says the company does not view a $75 million federal cap on economic damages for oil spills as a limit to its obligations to people along the Gulf Coast.

David Nagel, head of the company’s Washington office, said BP has so far paid $3.5 million in damage claims beyond cleanup costs. He said the company has received 4,700 claims so far and paid on 295 of them.

AP
5/10/10