BP objects to $34 billion oil spill claims sought by states

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BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up with a figure of $34 billion, which it deems "substantially" overstated.

The company has struggled with political, financial and legal fallout ever since the April 2010 explosion, which caused the worst offshore oil spill in U.S. history.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

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