BP PLC said Monday that it will pay for all the cleanup costs from a ruptured oil well in the Gulf of Mexico that could continue spewing crude for at least another week.
The company posted a fact sheet on its website saying it took responsibility for the response to the Deepwater Horizon spill and would pay compensation for legitimate claims for property damage, personal injury and commercial losses.
"We are responsible, not for the accident, but we are responsible for the oil and for dealing with it and cleaning the situation up," chief executive Tony Hayward said Monday on ABC television. He said the equipment that failed on the rig and led to the …
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