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(Image from article: "BP oil spill costs rise above $3 billion")

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BP oil spill costs rise above $3 billion

BP says that it has now spent more than $3 billion in attempts to stop an oil leak in the Gulf of Mexico and to settle damage claims.

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BP escrow account will pay claims fast: Feinberg

A $20 billion fund set up by energy giant BP Plc to compensate financial losses due to a big oil spill in the Gulf of Mexico will pay legitimate claims fast, the fund's independent administrator said on Friday.

BP 'to fund $20bn spill payouts'

BP is to place $20bn in an independent fund to pay out compensation to victims of the Gulf oil spill, US media report.

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