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PAY UP! BP has lost an appeal to cancel the terms of its multi-billion-dollar settlement with businesses

bp projectsafeA US federal appeals court on Saturday upheld the terms of the original 2012 settlement. The UK oil giant has supported compensation for businesses harmed by the disaster. But it argued that the terms of the existing deal meant that some huge sums were being paid for false claims. In 2012, BP agreed to make payments to those who suffered economic losses as a result of the disaster aboard the Deepwater Horizon drilling rig, which triggered the worst offshore oil spill in US history. Read [email protected]  12:16