Obama to Demand BP Set Up Damage Fund

by Benjamin Domenech on 6:04 am June 14, 2010

“The Obama administration, facing growing public anger over the Gulf of Mexico oil spill, plans to ask BP PLC to establish an independently administered fund for reimbursing victims—in effect, taking some of the compensation decisions out of the company’s hands.” And trying to ensure money gets set aside before it’s all gone.

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