White House, BP agree on oil spill damage fund; company to pay $20 billion - Los Angeles Times

Reuters

White House, BP agree on oil spill damage fund; company to pay $20 billion Los Angeles Times BP is to put money over several years into an escrow account. It would be administered by Kenneth Feinberg, the attorney now in charge of executive pay under TARP. By Mike Memoli and Peter Nicholas, Washington Tribune Bureau The Obama administration ... AP sources: BP to set up $20 billion fund for Gulf victims USA Today BP Agrees to Set Aside About $20 Billion for Spill Claims New York Times BP 'to fund $20bn spill payouts' BBC News W »

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