Obama Administration, BP Nearing Deal On Oil Spill Fund

Wall Street Journal:

WASHINGTON--The Obama administration and BP PLC are close to a deal to use future revenues from the oil giant's Gulf of Mexico operations to guarantee its $20 billion cleanup and compensation fund, a move that would give both sides an incentive to continue production in the Gulf, scene of the U.S.'s worst-ever offshore oil spill.

Read the whole story: Wall Street Journal