Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Iraq's Christians - Nowhere to Run? (part 2)

Read more

DEBATE

Iraq's Christians - Nowhere to Run?

Read more

MEDIAWATCH

Towards a "Third Intifada"?

Read more

FOCUS

What solutions for California's overcrowded prisons?

Read more

MIDDLE EAST MATTERS

Gaza conflict: Palestinians mark sombre Eid

Read more

WEB NEWS

Celebrities in the Israel-Gaza crossfire

Read more

IN THE PAPERS

Israeli strike takes out Gaza power station

Read more

IN THE PAPERS

French newspaper apologises for Sarkozy story

Read more

BUSINESS DAILY

Last-ditch talks aim to avert Argentina default

Read more

  • Video: Inside Hamas ‘terror’ tunnels in Gaza

    Read more

  • Scores feared dead in India landslide

    Read more

  • Russia defiant as US, EU unveil 'phase three' sanctions

    Read more

  • Argentina fails to reach deal with holdout creditors

    Read more

  • Liberia shuts all schools as Ebola virus spreads

    Read more

  • US House votes to sue Obama for over-reaching his powers

    Read more

  • Suspect in Jewish Museum attack charged with 'terrorist' murder

    Read more

  • Women should not laugh in public, Turkey's deputy PM says

    Read more

  • Fourth female suicide bomber targets Nigerian city

    Read more

  • US rebounds to 4% growth in second quarter

    Read more

  • Video: Coping with rocket attacks in Israel’s Sderot

    Read more

  • Rats on the rampage at Louvre museum gardens

    Read more

  • France evacuates nationals, closes embassy in Libya

    Read more

  • 'Compelling' signs Kosovo leaders trafficked organs, prosecutor says

    Read more

Americas

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

Video by William EDWARDS

Text by News Wires

Latest update : 2010-06-15

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.

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."

Date created : 2010-06-14

  • USA

    BP may suspend dividends as estimates of oil leak double

    Read more

  • USA

    British papers slam Obama's anti-BP rhetoric over oil spill

    Read more

  • USA

    BP chairman called to White House as spill fury grows

    Read more

COMMENT(S)