voanews 2010-06-16 BP Agrees to $20 Billion Fund After Meeting with Obama.docVIP

In a meeting on Wednesday with President Barack Obama, BP executives agreed to create a $20 billion fund to compensate people and businesses harmed by the oil spill in the Gulf of Mexico. BPs chairman apologized for the worst environmental disaster in U.S. history, saying that BP is fully aligned 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 Haywar