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US Supreme Court rejects BP's oil spill challenge

Published:Tuesday | December 9, 2014 | 12:11 AM

The US Supreme Court has rejected oil giant British Petroleum's (BP) legal challenge to a compensation deal over the 2010 Gulf of Mexico oil spill.



It means BP will have to make the payments that stem from the explosion of the Deepwater Horizon oil rig.



BP argued that the deal meant it could fall prey to inflated or bogus compensation claims.



The settlement agreement has no cap, but BP initially estimated that it would pay roughly US$7.8 billion to compensate victims.



It now says it can no longer give a reliable estimate for how much the deal will cost.



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