Obama wants BP to set up escrow account for claims
President Barack Obama wants BP Plc to set up an escrow account to pay the claims for damages caused by its oil spill in the Gulf of Mexico, White House adviser David Axelrod said.
President Barack Obama, speaking in Louisiana, on Friday said he has ordered BP PLC to pay all economic injury claims related to the Gulf oil disaster and reiterated that the outcome of a maneuver to plug the mile-deep well remains uncertain.