Thad Allen: Third Party Should Administer BP-Funded Escrow Fund For Claims
(CBS) The federal government is moving to put in place more oversight of BP's response to the Gulf oil spill, Coast Guard Adm. Thad Allen said today.
The Obama administration wants an independent third party to administer a BP-funded escrow fund to handle claims, he said. Additionally, the federal government today is deploying its own sensors at the oil leak to monitor the spill.
The administration is concerned about the claims process, since it is not the core function of an oil producing company, said Allen, the point man for the federal government's response to the oil spill in the Gulf, on CBS' "Face the Nation."
Send To A Friend
Share