Wednesday, June 16, 2010

BP to establish $20B Fund for Gulf spill victims

According to NPR, on June 16, the Federal Government released that British Petroleum will place $20 billion into a special fund to compensate victims of the company's Gulf of Mexico oil spill and leak, which is ongoing at this point.

This action comes two months after BP's deepwater drilling rig exploded, sending untold deposits of oil into waters off Louisiana stretching to Florida. Notably, as recent as two weeks ago, oil deposits began washing ashore along Florida beaches.

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