SEARCH BLOG: OIL
From The New York Times:
WASHINGTON — The White House and BP tentatively agreed on Wednesday that the oil giant would create a $20 billion fund to pay claims for the worst oil spill in American history. The fund will be independently run by Kenneth Feinberg, the mediator who oversaw the 9/11 victims compensation fund, according to two people familiar with the deliberations. [read more]Two questions:
- From where did the $20 billion number come?
- Why did BP agree so quickly?