Farber on NewsHour: BP Liability

by Matthew Freeman

June 16, 2010

CPR Member Scholar Dan Farber was on the PBS NewsHour on June 14 discussing the Obama Administration's plan to force BP to establish an escrow fund to compensate victims of its oil spill in the Gulf of Mexico.  You can see the entire interview with Ray Suarez, on the NewsHour site.  Here's a snip of the transcript:

RAY SUAREZ: Daniel Farber, you're familiar with what's in that federal oil protection act. Is there a mechanism in there for the government to say, you must create an escrow fund?

DANIEL FARBER: They're -- certainly, it's true that, at the end of the day, victims can go to court and sue. And BP also has to have a mechanism for processing claims before that. But I don't see anything at least that to my mind requires them to set up this escrow or trust fund. I think it might be a good idea, but I'm not at all sure that it's in the law.

RAY SUAREZ: Well, Daniel Farber, the advantages of having money set aside well before the years of litigation begin, is there something in it for BP, as well as for the claimants, if that can be agreed to?

DANIEL FARBER: No, I -- yes, I think -- I think there is. I think BP is facing a situation where there is enormous distrust about its capability for dealing with this, about its good faith, on the part of a lot of people inside the U.S. government and among the public. I think setting up a fund like this would be very helpful for them, in terms of showing good faith, of assuring people that they are going to take responsibility for what happened. So, I see a lot of reasons for them to do it. Whether they have to do it, though, is something that's less clear.

Tagged as: BP clean water
Be the first to comment on this entry.
We ask for your email address so that we may follow up with you, ask you to clarify your comment in some way, or perhaps alert you to someone else's response. Only the name you supply and your comment will be displayed on the site to the public. Our blog is a forum for the exchange of ideas, and we hope to foster intelligent, interesting and respectful discussion. We do not apply an ideological screen, however, we reserve the right to remove blog posts we deem inappropriate for any reason, but particularly for language that we deem to be in the nature of a personal attack or otherwise offensive. If we remove a comment you've posted, and you want to know why, ask us (info@progressivereform.org) and we will tell you. If you see a post you regard as offensive, please let us know.

Also from Matthew Freeman

Media relations consultant Matthew Freeman helps coordinate CPR's media outreach efforts and manage its online communications. His media relations experience in Washington spans more than 30 years, and his client list includes a range of organizations active on the environment, education, civil rights and liberties, health care, progressive organizing in the interfaith community, and more.

Shapiro Takes on Pruitt's Pseudo-Transparency Rule

Freeman | May 29, 2018 | Regulatory Policy

CPR's 2018 Op-Eds, Part One

Freeman | Apr 11, 2018 | Regulatory Policy

What Creates the Cost, Mr. President?

Freeman | Jan 31, 2018 | Regulatory Policy

A Final 2017 Dose of Op-Eds

Freeman | Dec 28, 2017 | Regulatory Policy

Steinzor: Trump's reform won't stop mass incarceration

Freeman | Dec 21, 2017 | Good Government

The Center for Progressive Reform

455 Massachusetts Ave., NW, #150-513
Washington, DC 20001
info@progressivereform.org
202.747.0698

© Center for Progressive Reform, 2015