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Bp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid Batteries by fdhjkl rfghjtkl





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Bp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid Batteries by
Article Posted: 09/28/2014
Article Views: 167
Articles Written: 2148
Word Count: 372
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Bp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid Batteries


 
Business,Business News,Business Opportunities
WASHINGTON, Aug. 9 (Xinhua) -- The U.S. Justice Department has completed negotiations on the 20 billion dollar oil spill escrow fund and British energy giant BP has made an initial contribution, the department said Monday.

"Today, the department announced that it had completed negotiations to establish a 20 billion dollar fund to provide the necessary resources to those suffering from the effects of the oil spill in the Gulf of Mexico," Associate Attorney General Tom Perrelli said in a statement.

BP said Monday that it has made an initial deposit of 3 billion dollars into the fund and Citigroup Inc will serve as the corporate trustee and paying agent for the account.

"We are pleased that BP made an initial contribution and has taken an important step toward honoring its commitment to the President and the residents and business owners in the Gulf region," Perrelli said.

"We have made clear that the company still needs to ensure that the necessary funds will be available if something happens to the subsidiary that established the trust and we look forward to completion of an appropriate security arrangement in the near future."Bp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid BatteriesBp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid BatteriesBp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid BatteriesBp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid BatteriesBp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid BatteriesBp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid BatteriesBp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid BatteriesBp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid BatteriesBp makes 3 bln dollar initial deposit into oil spill escrow fund - Rechargeable Lead Acid Batteries

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