BP said today it deposited $3 billion into the escrow account, which executives at the London-based company agreed to set up on June 16 after meeting President Barack Obama and White House aides.
The deposit is "ahead of schedule" and shows the company's commitment to "making it right in the Gulf," said Robert Dudley, who replaces Tony Hayward as BP's chief executive officer on Oct. 1. BP planned to make the deposit by Sept. 30.
BP, U.S. Agree on Establishment of $20 Billion Gulf of Mexico Spill Fund - Bloomberg
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Seeded on Mon Aug 9, 2010 9:30 AM
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