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BP to Fund $20bn Gulf of Mexico Oil Spill Payout

Breaking News.

BBC News reports that BP will be placing $20 billion in a compensation fund for victims of the Gulf oil spill and BP chairman Carl-Henric Svanberg said dividends would not be paid to shareholders for the rest of this year.

For more information, and the complete BBC story, please visit:  http://news.bbc.co.uk/2/hi/world/us_and_canada/10335114.stm

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