BP Complaints

Obama wins BP deal on 20-billion-dollar oil fund
BP agreed Wednesday to pay 20 billion dollars into a fund to meet mounting oil spill claims, as US President Barack Obama won key concessions from company bosses in high-stakes talks.
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BP, White House Escrow Deal Stalled on Size, Manager (Update1)
June 15 (Bloomberg) — BP Plc and the Obama administration haven’t reached agreement on setting up an escrow fund to pay cleanup costs and claims stemming from the Gulf of Mexico oil spill, people familiar with the negotiations said today.
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(AFX UK Focus) 2010-06-03 09:13 REFILE-BP boss: firm lacked tools to deal with spill-paper
LONDON, June 2 (Reuters) – BP said it did not have all the equipment it needed to deal with the giant oil spill in the Gulf of Mexico, the company’s chief executive told the Financial Times on Wednesday. “What is undoubtedly true is that we did not have the tools you would want in your tool-kit,” Tony Hayward said in an interview published on the newspaper’s website. Hayward said last week that …
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Deepwater Horizon oil spill revealed an industry ill-prepared to deal with ‘black swan’ event
Almost every daily press briefing on BP’s latest efforts to stop the oil gushing into the Gulf of Mexico contains the same refrain: the company is employing proven techniques to address the situation — they’ve just never been tried in…
Read more on New Orleans Times-Picayune

BP brings in the big box to deal with oil disaster
Workers gathered to begin lowering a giant concrete-and-steel box over the blown-out oil well at the bottom of the sea Thursday in a risky and untested bid to capture most…

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