Obama: BP To Put $20 Billion In Spill Escrow Fund


Emphasizing it was “not a cap”, President Obama announced this afternoon after meeting with BP executives that the company would put $20 Billion into an escrow fund to compensate victims of the oil disaster in the Gulf of Mexico.

In addition to the escrow account, BP is putting $100 million into a fund to help unemployed oil workers.

Comments are closed.