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As storm winds pushed oil over booms protecting the Louisiana coast, Vice President Joe Biden made his first tour of the troubled gulf region
Tuesday, assuring locals that claims filed against oil giant BP would be paid even if they exceeded the $20 billion the company set aside in an escrow account. "That $20-billion fund, that's not a ceiling," Biden said. "BP is required to pay whatever it is [that] falls under their responsibility, whether it ends up being $25, $30, $40 or $50 billion."
Although it was Biden's first visit since the April 20 explosion on the Deepwater Horizon rig, which killed 11 people, President Obama has visited the region four times and top administration officials have made repeated visits.
The vice president arrived as the first major storm of hurricane season, Alex, pushed through the southwestern Gulf of Mexico, creating large waves that washed oil patches over booms as far as the Mississippi coast. The storm became a Category 1 hurricane Tuesday night, the National Hurricane Center said. Meteorologists at AccuWeather said it appeared headed to make landfall near Brownsville, Texas.
Because of the rough seas, BP and the Coast Guard sent oil-skimming ships back to shore, the Associated Press reported. And in Washington, the State Department announced that the U.S. was accepting help from 12 countries and international organizations.
Originally posted by pavelivanov22
Wow.. im thinking it will be even more than 50 billion in damage..
Looks like BP is Learning there lesson