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BP tees up asset sales to pay for spill

Wed, 07/28/2010 - 6:25am
Reuters

LONDON (Reuters) - A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages.

Just 24 hours after gaffe-prone Chief Executive Tony Hayward's head rolled from the chopping block, candidates for the auction block hit the headlines, as BP aims to slim down to recover from the thumping losses racked up in the 100 days since the start of the environmental disaster.

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