White House Officials Meet With BP Execs

The White House released the following statement regarding a meeting that took place earlier today between senior Obama administration officials and executives from BP:

“Chief of Staff Rahm Emanuel, Assistant to the President for Energy and Climate Change Carol Browner, White House Counsel Robert Bauer, and National Incident Commander Admiral Thad Allen, joined by other senior administration officials, met with BP executives Bob Dudley and Lamar McKay this afternoon to discuss a range of issues regarding the ongoing clean up and recovery efforts in the Gulf. They impressed upon BP the importance of living up to their commitment to long term recovery, and underscored that the Administration will remain vigilant in ensuring that promise is met. Among a variety of other issues, the administration officials also stressed the need for BP to move quickly to pay state and local government claims, and reiterated President Obama’s commitment to work with the people of the Gulf to hold BP accountable, and to address economic, health and environmental needs, and restore the beauty and bounty of the region.”

DOJ, BP Finalize Oil Spill Escrow Fund

U.S. Associate Attorney General Tom Perrelli issued the following statement this morning regarding the Department of Justice (DOJ) and BP finalizing plans to establish a $20 billion fund to award claims made by individuals and businesses impacted by the Gulf oil spill:

“Today, the department announced that it had completed negotiations to establish a $20 billion fund to provide the necessary resources to those suffering from the effects of the oil spill in the Gulf of Mexico. We are pleased that BP made an initial contribution and has taken an important step toward honoring its commitment to the President and the residents and business owners in the Gulf region. We have made clear that the company still needs to ensure that the necessary funds will be available if something happens to the subsidiary that established the trust and we look forward to completion of an appropriate security arrangement in the near future.”