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BP Agrees to $20-Billion Escrow Fund; Cancels Dividends


US Politics & Gov't  (tags: obama, politics, Gulf oil spill, usa, environment, government )

Cal
- 1556 days ago - latimes.com
The Obama administration has reached a preliminary agreement with BP executives that would see the oil company pay $20 billion over several years into an independently controlled escrow account to be established to compensate Gulf of Mexico residents affe



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Comments

Debbie G. (314)
Wednesday June 16, 2010, 7:09 pm
This is good. But, not enough.
 

Monica D. (580)
Wednesday June 16, 2010, 10:47 pm
These seem like steps in the right direction.
 

Cheree M. (46)
Thursday June 17, 2010, 12:50 am
I think BP is just saying what people what to hear just to SHUT them up...I believe people are going to have a really hard time getting any money from BP....
 

Lynn D. (0)
Thursday June 17, 2010, 1:22 am
It's a start in the right direction but for sure NOT the ANSWER!!! and, probably no where near enough money --- considering the years this will affect the whole world! They're getting off awful easy!
 

J. Massetti (11)
Thursday June 17, 2010, 3:12 am
IT'S A "SMALL" STEP IN THE RIGHT DIRECTION MORE IS NEEDED !!!! AND FOR A CHANGE THEIR INVESTORS WILL SEE THE CRUNCH THAT THE FAMILIES ON THE GULF COAST ALREADY KNOW ABOUT..................
 

Past Member (0)
Thursday June 17, 2010, 3:48 am
thanks!
 

patricia lasek (317)
Thursday June 17, 2010, 3:59 am
Oh dear! What will those ?poor? investors do without their dividends this quarter? Suck it up and tighten your belts like you've been telling us, the common people, to do for years now.
 

patricia lasek (317)
Thursday June 17, 2010, 4:04 am
Do they really think $20 billion will be enough? At least it's not capped at that amount. There will be fines imposed also. Let's just hope they don't get bailed out after all is said and done.
 

Maureen Rice (1)
Thursday June 17, 2010, 4:23 am
So sad...BP execs won't be getting those whopping dividends Maybe they will have to cancel that expensive vacation and spend time cleaning up the Gulf.
 

. (0)
Thursday June 17, 2010, 4:27 am
With this President Obama has done more to stand up to corporations than anyone in the history of the United States. Good job Mr. President.
 

Ben Oscarsito (338)
Thursday June 17, 2010, 5:53 am
So, that's what a DEAD Ocean, Nature and Wildlife is worth...???
DAMMIT!!!
 

Ben Oscarsito (338)
Thursday June 17, 2010, 5:55 am
...And BP's profit last year was $14 billion...
 

gerlinde p. (161)
Thursday June 17, 2010, 7:02 am
it`s a start,
 

Mike K. (1)
Thursday June 17, 2010, 7:27 am
good news, I guess...but when will the spilling stop?
 

Past Member (0)
Thursday June 17, 2010, 8:39 am
Matthew I would like for you to explain why you feel the way you do about Obama b/c I just dont see it that way - everytime there is a crisis Obama takes days to comment - he is President and Americans look to him for guidance on how to handle these issues - when he takes days to comment, what kind of message does that show - that its no big deal? It is a big deal - there are now more Americans not working - animals dying - tourists spots loosing money hand over foot...
 

Mm M. (456)
Thursday June 17, 2010, 6:26 pm
Totally agree with Monica!!!!


This NOT ENOUGH!!! Still the spill continues and our creatures suffer, as well as Humans (frankly I am more more the creatures, but do care about what is going on with all of the Coast!)

No words!!! Just GRRRRRRRRRRRRRRRR
 

Mm M. (456)
Thursday June 17, 2010, 6:29 pm
Star coming at you for your comment!!!

I am right with you on this one, and feel like a STUPID IDIOT LIVING IN THE USA with this happening.....

Ch Hardy outstanding my friend!!!
 

Mm M. (456)
Thursday June 17, 2010, 6:35 pm
Sadly Monica, I did agree with Ch. Hardy...this President is out to lunch someplace and it is not in an area that takes care of ENVIRONMENT, PEOPLE, OR CREATURES..

I want some JUSTICE FOR THIS MESS and I want it cleaned up quick and all of our creatures taken care of...

Sadly, this is a fairy dream, this will continue for decades and THIS PRESIDENT DID Nada FOR 30+ days...shows me I am living in the wrong LAND!!!

 

pj dickenson (27)
Thursday June 17, 2010, 6:49 pm
IS ANYONE aware that this is not going to go away simply because things aren't "working out"? And has ANYONE REALLY mentionrd how much we really VALUE our shores and the wildliffe it supports?????!
 

Mm M. (456)
Thursday June 17, 2010, 6:50 pm
Personally, PJ, I am totally aware that this is NOT GOING AWAY!!!

This oil is washing up on the beach and our creatures are dying...I get ill just thinking about it and have no words!
 

Rooibos Bird (237)
Thursday June 17, 2010, 6:50 pm
Oh gee, how *gracious* of them...!
 

Sir Walk F. (124)
Thursday June 17, 2010, 7:05 pm
Gulf and BP: The Well Pipes Below the Sea Floor Are Broken and Leaking :

http://www.care2.com/news/member/281888439/1655407
 

sue M. (184)
Friday June 18, 2010, 12:35 am
I'd like to know what kind of liability insurance they carry and who is their carrier. The more I read and the longer this takes I think this is a bigger scam than the bailouts.
 

Past Member (0)
Friday June 18, 2010, 9:40 am
I think this is going to be much worse then anyone is saying or even knows at this point.....
 
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