Saturday, May 15, 2010

Obama Administration Calls on BP to Commit to Pay for Oil Cleanup

Janet Napolitano and Ken Salazar, Secretaries of Department of Homeland Security and Interior Department, respectively, write a letter to BP's chief executive Anthony Hayward. Read the letter here.
Based on these statements, we understand that BP will not in any way seek to rely on the potential $75 million statutory cap to refuse to provide compensation to any individuals or others harmed by the oil spill, even if more than $75 million is required to provide full compensation to all claimants, and BP will not seek reimbursement from the American taxpayers, the United States Government, or the Oil Spill Liability Trust Fund for any amount.