From Wednesday night’s Fox News All-Stars.
On the meetings BP executives had at the White House Wednesday with President Obama and other officials:
Well, I think the end result of the negotiations was a significant success for the administration. As you say, people had been talking about them deferring the dividend for the second quarter. [Now] they’re going to defer it for whole year, which … means actually depriving the pensioners in England of the three dividends that they would ordinarily have. So that‘s a significant concession.
Second … BP had been holding very fast on the issue of compensation for oil workers idled by the president’s decision to have the six-month moratorium, which is no way a direct result or an inevitable result of the spill. …
Many people in the Gulf oppose it, but nonetheless they got [to an agreement where] at least the principle is conceded [by BP]. The small amount — $100 million — is not going to support a lot of workers for a long time, and we’re going to be extending unemployment to those workers as well. But that was a concession. …
In terms of a very specific task, meaning getting the money out of the company so it doesn’t have to come out of American tax money — yes, in some way it partially redeems what was a disastrous speech last night.






Comments