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BP PAYS OUT $5BN IN GULF COMPENSATION
BP has now paid out more than $5bn to 204,434 victims of last year’s massive Gulf of Mexico oil spill, fund administrator Kenneth Feinberg said yesterday. The pay outs amount to roughly 25 per cent of the $20bn fund, known as the Gulf Coast Claims Facility, which was set up a year ago following the April 2010 spill.