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BP Takes Responsibility for Oil Spill Clean Up, Damages and Injuries

VENICE, La. -- BP PLC yesterday assured fishermen, oil workers and others affected by the massive oil spill at its offshore facility that they will be paid for damages and injuries from the explosion of the drilling rig and its effects.

According to various Associated Press reports, the oil company on its Web site pledged to pay compensation for "legitimate and objectively verifiable" claims for property damage, personal injury and commercial losses.

President Barack Obama and several attorneys general have asked the company to explain what exactly that means, according to the AP.

Meanwhile, Monday on ABC's "Good Morning America," BP CEO Tony Hayward said that BP was not responsible for the accident. He said the equipment that failed and led to the spill belonged to owner Transocean Ltd., not BP, which operated the Deepwater Horizon rig. A Transocean spokesman responded with a statement: "We will await all the facts before drawing conclusions and we will not speculate," he said.

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