Oil giant BP is challenging hundreds of millions of dollars in claims that were filed by businesses after the company's 2010 oil spill in the Gulf of Mexico.
The total price tag for BP's oil spill is huge — $42.5 billion. At issue here is a fraction of that — but still a lot of money. BP says $540 million has been awarded to businesses for losses that "are either nonexistent, exaggerated or have nothing to do with the Deepwater Horizon accident."
Originally published on Sun December 15, 2013 10:59 am
Israel, Jordan and the Palestinians have agreed to a water-sharing pact that would see the construction of a desalination plant on the Gulf of Aqaba on the Red Sea and bring "a long-awaited Red Sea-Dead Sea pipeline one step closer to completion," according to Reuters.