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President Barack Obama and Vice1 President Joe Biden meet with BP executives in the Roosevelt Room of the White House, 16 Jun 2010, to discuss the BP oil spill in the Gulf2 of Mexico
In a meeting on Wednesday with President Barack Obama, BP executives agreed to create a $20 billion fund to compensate3 people and businesses harmed by the oil spill in the Gulf of Mexico. BP's chairman apologized for the worst environmental disaster in U.S. history, saying that BP is "fully4 aligned5" with Mr. Obama and his administration on the need to stop the leak and compensate for damages.
After weeks of criticism that he should have held a face-to-face meeting with BP officials long ago, President Obama sat down with BP board chairman Carl-Henric Svanberg, Chief Executive Officer Tony Hayward, and other officials and company lawyers.
The meeting lasted far longer than expected. When he finally appeared before the media hours later, President Obama addressed the key outcome of the discussions.
"This $20 billion will provide substantial assurance that the claims people and businesses have will be honored. It is also important to emphasize this is not a cap [a maximum amount of money]," said President Obama. "The people of the Gulf have my commitment that BP will meet its obligations to them."
The independently-administered fund will be overseen6 by Kenneth Feinberg, the attorney who oversaw7 a fund that paid compensation to families of victims of the 2001 terrorist attacks on the United States
Calling the talks with BP "a good start," the president said the company also agreed to set aside $100 million to compensate oil workers who are unemployed8 because of the government-imposed ban on new offshore9 drilling.
Speaking to reporters outside the White House after the president, BP Chairman Svanberg announced that the company's board decided10 that the firm will not pay dividends11 for the rest of the year.
He issued an apology, saying that BP is determined12 to regain13 the public's trust.
"I would like to take this opportunity to apologize to the American people on behalf of all the employees in BP, many of whom are living on the Gulf coast," said Carl-Henric Svanberg. "And I do thank you for the patience that you have [had] in this difficult time."
Svanberg declined a specific answer when asked whether BP took safety shortcuts14 that contributed to the oil spill, saying only that the company is conducting a series of investigations16. He added that BP's board of directors will conduct its own independent investigation15 to make sure that the root causes of the disaster are understood.
Addressing the nation on Tuesday night, President Obama said the Gulf oil spill demonstrates the need for improved regulation of the petroleum17 industry. He also made clear that he wants to mobilize the country and the U.S. Congress to commit to a new energy policy.
"For decades, we've talked and talked about the need to end America's century-long addiction18 to fossil fuels," said Mr. Obama. "And for decades, we have failed to act with the sense of urgency that this challenge requires. Time and again, the path forward has been blocked - not only by oil industry lobbyists, but also by a lack of political courage and candor19."
With the president attempting to create political momentum20 to pass energy legislation, a version of which the House of Representatives already has approved, Mr. Obama's speech sparked a new round of criticism from opposition21 Republicans on Capitol Hill.
Senate Republican leader Mitch McConnell repeated criticism by members of his party that Mr. Obama is trying to use the Gulf oil disaster to advance his political agenda.
"I wish the president would have used this opportunity to focus entirely22 on stopping the spill and cleaning it up instead of using this crisis as an opportunity to push for a new national energy tax," said Mitch McConnell.
Republicans assert that energy and climate change legislation President Obama and Democratic lawmakers want amount to a tax - including a proposal for a "cap and trade" system to limit carbon emissions23 by creating a commodity market for them.
Democratic Senator Richard Durbin reflected feelings in Congress that BP should be prepared to pay long-term restitution24 for economic and environmental damages.
"I want to make certain that BP continues in business and meets its responsibility, that it sets aside the funds necessary to protect our nation from the damage which they have caused," said Richard Durbin.
With President Obama intensifying25 efforts to pass energy legislation, the White House announced a meeting next week between the president and a key group of Senate Democrats26 and Republicans next week.
The president's face-to-face meeting with BP officials came as the company announced it had set up a second containment27 system to capture leaking oil.
Government scientists say as much as 60,000 barrels of oil have been leaking from the damaged well - 50 percent more than earlier estimates.
Earlier, BP pledged to increase capture rates to more than 50,000 barrels by the end of June. But the new figures have increased concerns that the environmental damage caused by the spill will be even more severe before BP can complete relief wells in August.
1 vice | |
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的 | |
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2 gulf | |
n.海湾;深渊,鸿沟;分歧,隔阂 | |
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3 compensate | |
vt.补偿,赔偿;酬报 vi.弥补;补偿;抵消 | |
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4 fully | |
adv.完全地,全部地,彻底地;充分地 | |
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5 aligned | |
adj.对齐的,均衡的 | |
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6 overseen | |
v.监督,监视( oversee的过去分词 ) | |
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7 oversaw | |
v.监督,监视( oversee的过去式 ) | |
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8 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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9 offshore | |
adj.海面的,吹向海面的;adv.向海面 | |
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10 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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11 dividends | |
红利( dividend的名词复数 ); 股息; 被除数; (足球彩票的)彩金 | |
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12 determined | |
adj.坚定的;有决心的 | |
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13 regain | |
vt.重新获得,收复,恢复 | |
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14 shortcuts | |
n.捷径( shortcut的名词复数 );近路;快捷办法;被切短的东西(尤指烟草) | |
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15 investigation | |
n.调查,调查研究 | |
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16 investigations | |
(正式的)调查( investigation的名词复数 ); 侦查; 科学研究; 学术研究 | |
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17 petroleum | |
n.原油,石油 | |
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18 addiction | |
n.上瘾入迷,嗜好 | |
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19 candor | |
n.坦白,率真 | |
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20 momentum | |
n.动力,冲力,势头;动量 | |
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21 opposition | |
n.反对,敌对 | |
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22 entirely | |
ad.全部地,完整地;完全地,彻底地 | |
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23 emissions | |
排放物( emission的名词复数 ); 散发物(尤指气体) | |
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24 restitution | |
n.赔偿;恢复原状 | |
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25 intensifying | |
v.(使)增强, (使)加剧( intensify的现在分词 );增辉 | |
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26 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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27 containment | |
n.阻止,遏制;容量 | |
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