BP's tough talk will backfire, Gulf spill lawyer says

|About: BP p.l.c. (BP)|By:, SA News Editor

BP's hard-line legal tactics aimed at capping the financial blowout from the 2010 Gulf of Mexico oil disaster will backfire, the negotiator of last year's settlement on behalf of more than 100K compensation claimants tells Reuters.

BP has "made a vast strategic error by fighting and shifting this whole battle to an attack on the people of the Gulf," Joe Rice says. "Any goodwill they built on trying to do the right thing, they have destroyed."

BP is rapidly changing from a big oil producer into a big law firm, Business Week writes, with a substantial part of the company now effectively operating as a law firm. (earlier: I, II, III)