President Barack Obama and Congressional leaders spent this week trying to stand up to the oil industry. In the wake of the Deepwater Horizon spill in the Gulf of Mexico, Obama pushed BP to siphon $20 billion into a escrow fund that will cover liability claims, and Congress grilled BP CEO Tony Hayward and other oil bigwigs as to how they were protecting the country’s coastal waters.
Weekly Mulch: Can Washington Stand Up to the Energy Industry? |
| By: TheMediaConsortium Friday June 18, 2010 10:05 am |
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Watercooler – Barbour Claims BP Escrow Will Prevent Them From Paying |
| By: Jim Moss Wednesday June 16, 2010 7:00 pm |
In what can only be described as a fit of Orwellian logic, Mississippi governor Haley Barbour argues that the $20 billion escrow that BP just agreed to is a bad idea
Lessons in Accountability: Escrow Accounts for BP, Bailouts for Wall Street |
| By: Scarecrow Sunday June 13, 2010 9:47 am |
President Obama will propose BP fund an independently administered “escrow account” to make sure BP pays all damage claims for which it should be held financially accountable. Good principle. Shouldn’t we apply it more broadly?
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