News with a Twist

BP’s oil spill compensation fund almost out of money: BBC

The BBC reports that BP’s compensation fund for oil spill victims is running out of cash. Apparently the fund, which began with $20 billion, has just $300 million left.

BP says claims will have to come from future profits once the fund runs out and that could be as early as September.

That’s also when the oil giant is expected to go to trial on civil charges related to the spill.

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