BP Wants to Stop Paying Claims

    In this file photo made Oct. 25, 2007, the BP (British Petroleum) logo is seen at a gas station in Washington. BP gas station owners across the country are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand U.S. outlets as Amoco or another name as part of its effort to repair the company's badly damaged reputation.

    Charles Dharapak / AP Photo

    We’ll see how this plays out: BP, the company faulted for last year’s disastrous oil spill in the Gulf of Mexico, said in a 29-page document released today that it should no longer be responsible for paying claims filed by victims of the leak. The British company is arguing that the waters and region have recovered enough to do without the payouts. A $20 billion fund was set up after the disaster to help people whose jobs and livelihoods were affected; BP says that fund should be put to bed now, except for some limited cases, such as oyster harvesters.

    Read it at Associated Press