BP pledges $1 billion to restore oil-stained Gulf

Posted by Washington Post: Juliet Eilperin on April 21st, 2011
Agence France-Presse: BP has pledged $1 billion to jump-start projects aimed at restoring the US Gulf Coast after last year's massive oil spill, officials said Thursday. "The agreement in no way affects the ultimate liability of BP or any other entity for natural resource damages or other liabilities, but provides an opportunity to help restoration get started sooner," the US Justice Department said in a statement. The Justice Department called it a "first step" towards fulfilling BP's obligations to fund the "complete......

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