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BP sorry, guarantees $20 billion for Gulf

Published 06/17/2010, The Jamestown Sun

WASHINGTON — President Barack Obama wrested a $20 billion compensation guarantee and an apology to the nation from British oil giant BP Wednesday, announcing the company would set up a major claims fund for shrimpers, restaurateurs and others whose lives and livelihoods are being wrecked by the oil flooding into the Gulf of Mexico.

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