Tag: Gulf Mexico

Obama Unilaterally Cuts Deal To Protect BP Assets From Lawsuits!

President Barack Obama reiterated his defense of oil giant BP after a White House meeting with the company’s CEO Tony Hayward and board chairman Carl-Henric Svanberg. After the meeting, Obama and BP announced the establishment of an independently operated escrow account, the Independent Claims Facility, funded by up to $20 billion paid out over the…