BP mounted a more aggressive response to the oil spill in the Gulf of Mexico on Sunday as it started deploying undersea sensors to better measure the ferocious flow of crude while drawing up new plans to meet a government demand that it speed up the containment effort ahead of President Barack Obama's visit to the coast.
The financial ramifications of the disaster are growing by the day as the White House and states put pressure on BP to set aside billions of dollars to pay spill-related claims in a move that could quickly drain the company's cash reserves and hasten its path toward possible bankruptcy.
BP PLC spokesman Mark Proegler said the company would not …
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