- 3 updates
Downing Street said that Mr Cameron has not spoken with BP about their concern about the rising compensation costs from the 2010 Gulf of Mexico oil spill, nor did he raise the issue with president Obama or other US authorities during his visit last week. A Number 10 spokesperson said:
British Petroleum has warned that millions of dollars of "fictitious" compensation claims for the 2010 Gulf of Mexico oil spill are putting the company at risk.
BP has sought an injunction to stop payouts to US companies it argues are claiming fraudulent or inflated losses from its £5.4 billion compensation pot.
An appeal document by the group argues that businesses in the US have been handed millions of dollars for "non-existent, artificially calculated losses", according to reports.
BP warned in the court filing that it will be "irreparably harmed" unless the compensation system is reformed.
British Petroleum has urged David Cameron to step in over the company's rising compensation costs for the 2010 Gulf of Mexico oil disaster, according to the BBC.
The company feels its financial recovery is at risk due to these costs and BP also worry that they could become a takeover target, the report says.
BP, who reportedly feel the compensation system is being abused, has urged the Prime Minister to bring up this issue with the US government, the BBC suggests.
The 2010 disaster killed 11 oil rig workers and around four million barrels of oil poured into the Gulf of Mexico.
In 2012, BP agreed to pay £5.4 billion in compensation but the company now expects that cost to be higher.