BURAS Louisiana (Reuters) - British energy giant BP Plc is planning to raise $50 billion to cover the cost of the Gulf of Mexico oil spill, while the head of a $20 billion fund to compensate victims of the accident vowed on Sunday that eligible claims will be paid quickly.
London's Sunday Times reported that BP plans to raise $10 billion from a bond sale, $20 billion from banks and $20 billion from asset sales over the next two years to cover the costs of the largest oil spill in U.S. history. The newspaper did not cite its sources.
