BP deposits $3 billion into claims fund

Full Story at money.cnn.com

WASHINGTON (CNN) — The Justice Department announced Monday that the details have been completed for establishing a $20 billion escrow account that BP has promised to fund.

The money will pay for claims to those who suffered from the effects of the Gulf Coast oil spill.

After BP (BP) announced it had made a $3 billion deposit into the account, Associate Attorney General Tom Perrelli issued a statement confirming the action.

This entry was posted in BP, Business, environment, Financial, Money. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>