President Obama tonight called for a long-term plan to restore the Gulf Coast after the devastating oil spill and promised there would be third-party oversight of BP's payment of damage claims. Obama planned to say he wants to work with state officials, local communities, fisherman, conservationists and gulf businesses to develop a restoration plan for the coast. A senior administration official told reporters before the speech the plan would include a requirement that BP "will pay for the environmental degradation that it has caused."
Read More →
"But make no mistake: we will fight this spill with everything we've got for as long it takes," Obama said from the Oval Office, his first televised address from the room since taking office. The speech capped Obama's two-day trip to the region, during which he spoke with the Gulf's Republican governors, local business owners and National Guard troops helping with cleanup efforts.
"We will make BP pay for the damage their company has caused. And we will do whatever's necessary to help the Gulf Coast and its people recover from this tragedy," Obama said. Read his prepared remarks here.