News Alert: BP apologizes for oil spill, sets up worker compensation fund
02:47 PM EDT Wednesday, June 16, 2010
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BP apologizes to the American people for the damage caused by a gushing leak from a blown-out oil well in the Gulf of Mexico and announces the creation of a $100 million compensation fund for oil workers who are out of work because of the catastrophe.
The oil giant also said it would work to fix all environmental damage to the gulf and will not pay its quarterly dividend to stockholders as part of its commitment to pay for damage.
Earlier today, BP and the administration agreed on a $20 billion escrow fund to compensate claims brought against the company for oil-related damage.
All you rightwinger's who criticized President Obama's speech can eat crow today. They really should have waited til after this meeting to post about how stupid, and terrible a president Obama is. They must be so embarrassed! Ya think? Nah, nothing embarrasses them and they would NEVER admit their mistakes anyway. But today President Obama showed BP who is boss, I hope I don't hear the word arrogant from the wingnuts, if I do it will only prove their desperate need for the president to fail. Barack Obama will not fail, get over it!!
