BP Says It Will Pay For Oil Spill-Related Damage

Law360, New York (May 3, 2010, 6:14 PM EDT) -- BP PLC said Monday that it would pay “all necessary and appropriate cleanup costs” associated with the Deepwater Horizon rig oil spill, though the company maintains that it is not responsible for the disaster.

“BP is committed to pay legitimate and objectively verifiable claims for other loss and damage caused by the spill,” the company said in a statement.

The same day, BP CEO Tony Hayward took to the airwaves to say that rig owner Transocean Ltd. is responsible for the mess, not BP.

“This wasn't...
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