Archive for June 16th, 2010


President Obama’s Oval Office Address on BP Oil Spill & Energy

President Obama’s Oval Office Address on BP Oil Spill & Energy

Wednesday, June 16, 2010

The United States will be fighting the oil spill for months and even years, President Barack Obama has warned. Obama said he will order BP to set up an independent claims fund.

President Obama accused BP of ‘recklessness’ in the first Oval Office address of his presidency, and swore not to rest until the company has paid for the damage it has caused to lives, businesses and shorelines.

The president said the oil spill in the Gulf of Mexico region has caused a sense of sadness and anger that goes must deeper than dollars. He spoke of anxiety that people may lose their entire way of life.

‘We will make BP pay,’ he said.

The speech capped a two-day inspection tour of the stricken Gulf of Mexico region, and was lent new urgency as scientists announced the spill could be worse than previously thought.

It comes just ahead of his meeting in the White House on Wednesday with top BP executives.
The eight-week-old Gulf of Mexico oil spill was ‘not a single event that does its damage in a matter of minutes or days,’ Obama said.

‘The millions of gallons of oil that have spilled into the Gulf of Mexico are more like an epidemic, one that we will be fighting for months and even years,’ he warned.

Obama has already authorised the deployment of more than 17,000 National Guards along the stricken southern US coast.

And on Tuesday, he called on the four worst-hit states ‘to activate these troops as soon as possible’.
The oil spill meant now was the time for a ‘national mission’ to develop clean energy, he said.

‘The tragedy unfolding on our coast is the most painful and powerful reminder yet that the time to embrace a clean energy future is now,’ Obama said.

‘Now is the moment for this generation to embark on a national mission to unleash American innovation and seize control of our own destiny.’

He said he would order BP’s chairman to set up an independently managed fund to pay claims to victims.

‘Tomorrow, I will meet with the chairman of BP and inform him that he is to set aside whatever resources are required to compensate the workers and business owners who have been harmed as a result of his company’s recklessness.

‘And this fund will not be controlled by BP. In order to ensure that all legitimate claims are paid out in a fair and timely manner, the account must and will be administered by an independent, third party,’ Obama said.
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June 2010


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