Cleanup Issue News Today

Argument for holding back on cleaning this up before its tested. >> on the disaster du jour, yes, theyre saying that the stafford act covers oil spills in such a way the oil has to be determined the origin of the oil before they clean it up. >> neil: why? oil is oil. are they saying if it comes --f its oil related to the spill its a cleanup issue? >> obviously that was written in the event there would be a spill during a storm. this is not the situation. we have an existing spill and then a stor...

Craig fewgate the people at fema and the way it works, so our audience understands. typically you have to have a local declaration, a state declaration, a request of a federal declaration, the states declared a state of emergency so thats in place. >> right. >> mike: but fema would come and marshal the assets and resources and make sure there was a massive coordination of those. one of the presidents excuses have been well, were going to make bp pay for this. were going to put bp-- but bp cant h...

President would have enlisted craig fugate and the people at fema and the way it works, so our audience understands, you need a local, state declaration and request of a federal declaration and the states declared a state of emergency and that is en place an fema would come and marshall the assets and resources and would make sure there was a massive coordination of those. now, one of the presidents excuses has been, were going to make bp pay for that and -- but bp cant handle it and obviously a...

Set up an escrow fund of $20 million the make sure that the company can cover future liabilities. >> what is going to matter most is to protect those who have been injured, and helping them is going to have to come before profit. our view is that it is the best way to make this company as profitable as possible is to show people and show them with some measure of confidence that they are getting on top of the cleanup issue. >> reporter: to be sure, bp has a lot of resources. the companys profits...