BP has agreed to set up a $20 billion escrow fund to compensate victims of the Gulf oil spill, a move that provides a short-term positive boost to its reputation and doles out plenty of long-term pain ...

LONDON (Reuters Breakingviews) - Bernard Looney’s new job is already hard. BP’s incoming chief executive, who takes over next year, faces a dilemma over how to balance fossil fuels with a lower-carbon ...