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The International Olympic Committee announced Friday that they have no problem with BPs sponsorship of the 2012 London Olympics, the AP reports.BP signed A Lange & Sohne Datograph watches on as a sponsor in July, 2008, in a deal worth an estimated $76 million. At that time, the company committed to supplying fuel for 4,700 official Olympic vehicles, and Liquefied Petroleum Gas for catering and technical support.IOC president, Jaques Rogge, said the committee is comfortable with BPs sponsorship as long as BP takes corrective measures to clean up the oil spill in the Gulf of Mexico. If BP is found negligent in the spill, Rogge said it is up to the London organizers whether or not to keep BP as a sponsor of the 2012 London Olympics.--Erin Beresini.

Why go through such trouble? Toraise awareness and replica Louis Vuitton watches funding for clean drinking water projects aroundthe world and inspire students through the i2P experiential learning program. This is the tenth in a series of their dispatches forOutside Online.French captain Franck Cammas and his nine-person crew aboard the multi-hulled Groupama 3 have set a new record for the fastest circumnavigation of the globe by sail,crossing the finish line this past Saturday 48 days,