Will Obama Take Legal Action Against BP?

Tue Jun 15, 2010

President Obama is growing increasingly frustrated with BP's cleanup efforts, and now is vocalizing concerns about their economic support to the damaged region. Obama headed to the Gulf Coast on Monday, and plans on making a statement from the oval office regarding BP's compensation to businesses in the damaged region.

Specifically, Obama is said to be contentious about BP's plan regarding their next dividends to shareholders. Obama has said that shareholders should not be receiving payouts when businesses affected by the oil spill have yet to receive payments from BP. Obama has said he will take steps to legally compel BP to put the money in escrow if necessary.

Obama Plans First Oval Office Speech to Put Pressure on BP | The New York Times

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