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
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