Latest Posts

BP Agrees to Account to Handle Claims

BP Chief Executive Officer Tony Hayward and BP America Chairman Lamar McKay, left, and BP Chairman Carl-Henric Svanberg, right, arrive at the White House today for a meeting with President Barack Obama. BP and the Obama administration reached a tentative agreement during the meeting under which the oil company will place $20 billion in an escrow account to pay claims stemming from the spill in the Gulf of Mexico. The fund will be administered by Ken Feinberg, who oversaw the compensation fund for victims of the Sept. 11, 2001, terror attacks. (Wash Post, 6/16/2010)

President Barack Obama and Vice President Joe Biden meet with BP executives in the Roosevelt Room of the White House, June 16, 2010, to discuss the BP oil spill in the Gulf of Mexico. Pictured, from left, are BP CEO Tony Hayward, BP Chairman Carl-Henric Svanberg, BP General Counsel Rupert Bondy, BP Managing Director Robert Dudley, Senior Advisor Valerie Jarrett, Labor Secretary Hilda Solis, Attorney General Eric Holder, and Homeland Security Secretary Janet Napolitano. (Official White House Photo by Pete Souza)