Showing posts with label obama. Show all posts
Showing posts with label obama. Show all posts
OBAMA'S REMARKS AFTER MEETING WITH BP OFFICIALS
After meeting with with BP officials, Obama has this to say;
I give him two thumbs up. However, actions speak louder than words. Hopefully everything follows through
I just concluded a constructive meeting with BP's chairman, Carl-Henric Svanberg. I raised two issues at the meeting. First was the containment of the oil that is still spewing into the Gulf. My administration has directed BP to mobilize additional equipment and technology. In the coming days and weeks, these efforts should capture up to 90% of the oil leaking out of the well.
That is still not good enough. We will continue to press BP and draw on our best minds and resources to capture the rest of the oil until the company finishes drilling a relief well later in the summer that is expected to stop the leak completely.
I also raised the issue of claims. As I've traveled across the Gulf Coast, I've heard growing frustration over the pace at which claims have been paid. I've also heard concerns about whether BP will make resources available to cover legitimate claims resulting from this disaster.
So, this discussion today was essential. Currently, under federal law, there is a $75 million cap on how much oil companies could under certain circumstances be required to pay for economic damages resulting from spills such as this.
That amount would clearly be insufficient. That is why I am pleased to announce that BP has agreed to set aside $20 billion to pay claims for damages resulting from this spill. This $20 billion amount will provide substantial assurance that the claims people and businesses have will be honored. And it is not a cap. The people of the Gulf have my commitment that BP will meet its obligations to them.
BP has publicly pledged to make good on the claims it owes to people in the Gulf. And so, the agreement we reached will set up the financial and legal framework in which to do it.
Another important element is that this $20 billion will not be controlled by either BP or by the government. It will be put in an escrow account, administered by an impartial, independent third party.
If you or your business has suffered an economic loss as a result of this spill, you will be eligible to file a claim for part of this $20 billion. This fund will not supersede individuals' or states' rights to present claims in court. BP will also continue to be liable for the environmental disaster it caused, and we will continue to work to make sure they address it. Additionally, BP voluntarily agreed to establish a $100 million fund to compensate unemployed oil rig workers affected by the closure of other deep water rigs.
We have mutually agreed that Ken Feinberg will run the independent claims process we are putting in place, and there will be a three-person panel to adjudicate claims that are turned down. Every effort will be made to expedite claims. Ken has long experience in such matters, including running the fund that compensated victims of 9/11. And I am confident he will ensure that claims are administered as quickly, fairly, and transparently as possible.
BP's liabilities for this spill are significant. They acknowledge that fact. And we will continue to hold BP and all other responsible parties accountable. I'm absolutely confident BP will be able to meet its obligations to the Gulf Coast and to the American people. BP is a strong and viable company and it is in all our interests that it remains so. This is about accountability. At the end of the day, that's what every American wants and expects.
The structure we are establishing today is an important step toward making the people of the Gulf Coast whole again, but it will not turn things around overnight. And I want all Americans to know that I will continue to fight each and every day until the oil is contained, until businesses recover, and until the Gulf Coast bounces back from this tragedy – as I know it will. Thank you.
I give him two thumbs up. However, actions speak louder than words. Hopefully everything follows through
WATCH OBAMA LIVE TONIGHT AT 8PM
Fresh from his 4th visit from the Gulf of Mexico, Obama will be making his speech at from the Oval office tonight at 8PM. Click here for the live video stream and to sign up for reminders about the broadcast.
Obama will be discussing five main points;
1) The reorganization of the Department of Interior which mainly responsible for overseeing offshore drilling.
2) The containment strategy for capturing the oil which is STILL spewing from the Gulf.
3) The BP claims process.
4) The process on how he plans to "restore the Gulf to a place better than it was before the Deepwater Horizon exploded".
5) And what we must do to decrease our dependence on the dirty energy that pollutes our environment.
DON'T MISS IT!
Obama will be discussing five main points;
1) The reorganization of the Department of Interior which mainly responsible for overseeing offshore drilling.
2) The containment strategy for capturing the oil which is STILL spewing from the Gulf.
3) The BP claims process.
4) The process on how he plans to "restore the Gulf to a place better than it was before the Deepwater Horizon exploded".
5) And what we must do to decrease our dependence on the dirty energy that pollutes our environment.
DON'T MISS IT!
UPDATE!
According to a USA Today poll, 71% of Americans want Obama to be tougher on BP for their oil spill incident. Obama's ratings on his handling of the oil spill has gotten a little worse despite his harsh language to BP.
SOOOO .. WHATS GOING ON?
The senate is demanding that BP establishes a fund of $20 BILLION to compensate victims of the oil spill and to clean up their mess. The language of this document is far from sympathetic to BP. I say this deserves a round of applause. *circular clap*
And the $20 billion is only the first step. More money as needed will most likely be needed to compensate and clean up. Check out the full document here
Dear BP,
Here is your ass on a platter. ahahaaa
And also,
Obama is making his 4th trip down to the Gulf today. He was geared up in a casual outfit ready for work. No tie. He'll be hitting Mississippi, Florida and Alabama. Don't forget to watch him speak on this matter TOMORROW at 8PM.
OH YEH && crude oil is STIL being spewed into the Gulf of Mexico at alarming rates !
SOOOO .. WHATS GOING ON?
The senate is demanding that BP establishes a fund of $20 BILLION to compensate victims of the oil spill and to clean up their mess. The language of this document is far from sympathetic to BP. I say this deserves a round of applause. *circular clap*
And the $20 billion is only the first step. More money as needed will most likely be needed to compensate and clean up. Check out the full document here
Dear BP,
Here is your ass on a platter. ahahaaa
And also,
Obama is making his 4th trip down to the Gulf today. He was geared up in a casual outfit ready for work. No tie. He'll be hitting Mississippi, Florida and Alabama. Don't forget to watch him speak on this matter TOMORROW at 8PM.
OH YEH && crude oil is STIL being spewed into the Gulf of Mexico at alarming rates !
SAY NO TO OFFSHORE DRILLING !!!
OFF SHORE DRILLING lead to oil spills like the most recent GULF OF MEXICO OIL SPILL !!
CLICK HERE TO SAY NO TO OFFSHORE DRILLING
please !!
WHY??? There are many reasons for saying NO to offshore drilling. OIL SPILLS for one! Although they do not happen every day, they do occur and when they do, the destruction is massive.
Obama wants to legalize offshore drilling. A protected policy that has said NO for OVER 20 years! Please urge him to say NOOOOOO again!! Would you like oil on your beaches??? Imagine your beach looking like this. It could happen! They want to drill for oil ALL ALONG THE COAST!
what needs to be done to save the birds from oil spills
2010 GULF OF MEXICO oil spill out side of Louisiana
CLICK HERE TO SAY NO TO OFFSHORE DRILLING
please !!
please !!
WHY??? There are many reasons for saying NO to offshore drilling. OIL SPILLS for one! Although they do not happen every day, they do occur and when they do, the destruction is massive.
Obama wants to legalize offshore drilling. A protected policy that has said NO for OVER 20 years! Please urge him to say NOOOOOO again!! Would you like oil on your beaches??? Imagine your beach looking like this. It could happen! They want to drill for oil ALL ALONG THE COAST!
what needs to be done to save the birds from oil spills
2010 GULF OF MEXICO oil spill out side of Louisiana
please !!
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