bp oil spill environmental disaster

After four hours long meeting today between President Obama and the chairman of BP, Carl-Henric Svanberg, the final decision on a 20 million dollars to compensate victims of Gulf Coast oil platform explosion has been reached and an offer from BP to establish an installment additional 100 million fund for oil rig workers who were dismissed.

"Through our actions and our commitments, we hope that the long term, we will regain the confidence they place in us, "Svanberg said the American people after leave the meeting in the White House.

Obama made clear in its statement after the meeting that 20 billion dollars is not a cover. He said that "people of the Gulf have my commitment that BP will comply with its obligations to them. "With the cost of civil penalties, cleanup and victim compensation, the estimated cost of the Palestinian Authority to extend into the tens of thousands of millions of dollars over the agreed price. The 20 million dollars for the payment of damage claims that were initiated by the explosion of an oil well. Billions dollars will come from dividends of BP is the suspension that usually go to their shareholders.

The fund of 100 million is in addition to the solution original and has been presented by the Executive of BP, without being invited by Obama. The six-month moratorium that Obama gave last month suspension deep water because of the terrible incidents of drilling in the Gulf. This endless redundancies. BP offers money as compensation for workers.

The fund of 20 billion dollars being paid in annual installments of $ 5 billion in the third company that monitors the complaints system. Attorney Kenneth Feinberg, who was the supervisor in September 1911 granted compensation to victims' families, supervises the entire process.

Apologies were made by Svanberg unsolicited Obama or his people. Seemed Svanberg wanted the American people know how he was sorry for the company responsible for the largest oil spill in U.S. history.

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