Forexsig.com 6/22/2010 News

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6/22/2010 News


BP Funds $20 Billion Escrow Account


BP, the company mainly responsible for the current oil spill in the Gulf, has placed $20 Billion in funds in an escrow account, after the request of the Federal Government.

These funds will be used to pay families and victims of the oil spill, including those who have been greatly affected by the situation.

President Obama is looking for more ways to help the victims, but this escrow account is one huge step towards being able to help those affected by the situation.
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Although the focus of the White House has temorparily shifted from BP to the situation regarding General McChrystal, BP is still top priority forthe government.