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President Obama Gets $20 Billion Escrow Fund From BP

The oil spill claims process may improve after the announcement today that BP will deposit $20 billion into an escrow fund to pay people who have been financially damaged by the Gulf oil spill. The establishment of the escrow fund was announced after BP’s Chairman Carl-Henric Svanberg, CEO Tony Hayward, and other company executives met with President Obama and other administration officials. The White House blog gives an account of the meeting. We’ve got a more in-depth look at the BP oil spill escrow fund at BPOilNews.com.

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