US: BP to provide $1 billion for Gulf projects

Reuters News
Posted: Apr 21, 2011 12:03 PM

WASHINGTON (Reuters) - BP Plc has agreed to provide $1 billion toward initial projects in the Gulf of Mexico to address damage to natural resources stemming from last year's oil spill, the U.S. Justice Department said on Thursday.

(Reporting by James Vicini and Jeremy Pelofsky; Editing by Will Dunham)

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