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Obama announces BP escrow account for Gulf Oil Spill damagesThis forum post is dated 07/20/10. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it. Mississippi - Salaries (Talk about salaries for different jobs. NO JOB OFFERS. NO RESUMES!)
| Obama announces BP escrow account for Gulf Oil Spill damages BP will set aside $20 billion to pay the victims of the massive oil spill in the Gulf, senior administration officials said Wednesday, a move made under pressure by the White House as the company copes with causing the worst environmental disaster in US history. The independent fund will be led by lawyer Kenneth Feinberg, who oversaw payments to families of victims of the Sept. 11, 2001, terrorist attacks. In his current rule, Feinberg is known as Obama's "pay czar, " setting salary limits for companies getting the most aid from a $700 billion government bailout fund. Obama was to announce the deal in a Rose Garden statement later Wednesday after wrapping up a meeting with BP executives at the White House. The officials familiar with the details spoke to the AP on condition of anonymity before the announcement. The still-unfolding disaster in the Gulf, as tens of thousands of gallons of oil continue to pour from the broken well daily, is jeopardizing the environment and ecosystems along with the livelihoods of tens of thousands of people across the coastal areas of Louisiana, Mississippi, Alabama and Florida. Those affected ranged from fishermen to restaurant to oil rig workers idled by Obama's temporary halt to new deep-sea oil drilling. Several big questions remain unanswered, including when BP would start processing claims and paying people out of the fund; who and what would exactly be covered under the plan; how the White House and BP came up with a figure of $20 <b>...</b> |
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