UK schemes encouraged to sue BP for billions

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UK pension funds should sue BP for billions of pounds in compensation through the Texas courts for negligence in the run-up to the Deepwater Horizon oil spill, a US law firm argues.

The explosion at the oil rig in the Gulf of Mexico on April 20, 2010 caused an environmental disaster that prompted BP's stock price to plummet nearly 50% within a matter of weeks, in turn wiping b...

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