As BP’s blown-out Macondo well gushed oil in the Gulf of Mexico throughout the spring and summer of 2010, BP engineers tried repeatedly to cap the runaway well and kill the oil spill, and repeatedly they failed. Now, years later, the BP legal team’s strategies mirror that frantic effort, only instead of capping oil, its lawyers are trying to stop the financial bleeding by fighting damage claims. The settlement that defines who is entitled to oil-spill damages and how those damages are calculated, like the Macondo well itself, is a product of BP’s design and approval. Facing the true scope ... Read More
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