Latest update: 15/06/2010 

- Barack Obama - Oil spill - USA


Obama pushes for BP escrow account to pay for oil spill claims

US President Barack Obama called for BP to set up an escrow account to pay for claims related to the massive oil spill while on his fourth visit to the Gulf of Mexico on Monday. Obama will meet with BP chairman Carl-Henric Svanberg on Wednesday.

By William EDWARDS (video)
News Wires (text)
 

AFP - US President Barack Obama said he hoped to have an agreement on setting up a BP escrow account for victims of the Gulf of Mexico oil spill by Wednesday.
   
US officials demanded Sunday that BP set up a special fund to pay oil spill claims and let an independent panel oversee the process.
   
Obama said it was too early to announce anything concrete ahead of White House talks with BP chairman Carl-Henric Svanberg on Wednesday.
   
"We have begun preliminary conversations about how to restructure a mechanism so that the legitimate claims that are going to be presented not just tomorrow, not just next week, but over the coming months are dealt with justly, fairly, promptly," Obama told journalists during a visit to Alabama.
   
"My hope is that by the time the chairman and I meet on Wednesday that we've made sufficient progress that we can start actually seeing a structure that would be in place."

Comments (2)

BP oil

It is the time for every american to clean up the gulf. Compasation will come later. If we think that the BP will clean the compus we are lost. Bp are now thinking of what they have lost and how the can compasate. Later Bp will come to the gulf. So let everyone to participate on the cleaning and keep records for the later payments.

The gulf must come back as before but the life of the creatures has gone forever. Who is going to pay for these?

"Obama leadership on BP spill

"Obama leadership on BP spill faces testing week"

Seriously, the guy's leadership has been missing in action for quite some time. Apparently. Obama was too preoccupied with being cool that he forgot that being cool was never a requirement for a U.S. President or a real leader. Is this a black thing? When you look at Barack Obama's face, you will only sometime see signs of a president. Now that is disturbing.
http://nitricoxidesupplements.blog.co.uk

Post new comment
To prevent automated spam submissions leave this field empty.

Related Content
Close