BP Pledges Gulf Oil Well Assets as Collateral For Oil Spill Fund-MARITIME LAWYER NEWS

In a press release on Friday, October 1, 2010 British Petroleum PLC (BP) announced that it “has pledged certain Gulf of Mexico assets as collateral for the $20 billion Deepwater Horizon Oil Spill Trust which was set up to pay legitimate claims arising from the April 20 incident.” Read Full Story.