For Immediate Release
Office of the Press Secretary
"I applaud Congress for acting quickly to send a bill to the President that will allow the Coast Guard to continue leveraging every available resource to protect our vital shorelines from BP’s leaking oil. Lifting the Oil Spill Liability Trust Fund spending cap by moving monies from the Principal Fund to the Emergency Fund will enable the Federal On-Scene Coordinator to continue directing funds for critical administration-wide response activities in advance of reimbursement by BP, as a responsible party. While these funds will allow us to continue mounting an all-hands-on-deck, relentless response, our commitment to holding BP accountable for all costs associated with this disaster—both to the federal government and to all affected individuals and businesses suffering losses as a result of this event—has not wavered."