BP is facing new damages demands of $34bn from US states and local government over the 2010 Deepwater Horizon disaster, a figure that could lead to significant upward revisions of its potential bill for the Gulf of Mexico spill.
The energy group yesterday said Alabama, Mississippi, Florida and Louisiana had all presented claims for alleged losses, including economic and property damage.
The newly detailed claims would imply a total bill of more than $90bn for the UK company if the maximum possible penalties and damages are awarded. BP has so far set aside $42bn in provisions.
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