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BP Makes Deal to Set Up $20B Fund

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Reginald Perrin6/16/2010 10:14:35 am PDT

Gov Haley Barbour (R) Is Concerned That Escrow Account Will Cut Into BP’s Profits: ‘It Bothers Me’


BARBOUR: If BP is the responsible party under the law, they’re to pay for everything. I do worry that this idea of making them make a huge escrow fund is going to make it less likely that they’ll pay for everything. They need their capital to drill wells. They need their capital to produce income. … But this escrow bothers me that it’s going to make them less able to pay us what they owe us. And that concerns me. … [I]t bothers me to talk about causing an escrow to be made, which will — which makes it less likely that they’ll make the income that they need to pay us.

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