re: #138 Killgore Trout

I think the reason for the escrow is that it can be paid out immediately. Communities spent decades in court with exxon over the Valdeze spill.
Also since the money is already in escrow BP can’t weasel out of paying or declare bankruptcy to avoid their obligation. It’s very hard to come up with a good reason to oppose the escrow account.

I don’t see BP kicking and screaming. In the long run this may also prove beneficial to BP’s survival. No noticeable shock in their stock price either. Down 47% from April 20th but now the shareholders are looking at a concrete plan which includes this escrow fund. If this WSJ is correct they will be paying the 20 billion out over the course of 3 1/2 years or 5.71 billion per year. I’m rather certain they’ll be able to handle that.