President Obama reacts with strict environmental regulations in response to the BP oil disaster.

• On Tuesday night, the president addressed the United States regarding his plans to repair, repay, and prevent damage caused by the BP oil spill in the Gulf of Mexico.
  
• Obama is proposing a multi-billion dollar compensation plan for Gulf residents that BP seems unlikely to agree to.
• In order to prevent more harm to the environment, Obama says he will develop new energy sources, expand nuclear power, and is considering a tax on carbon to reduce pollution.

Best Quote

“Make no mistake, we will fight this spill with everything we’ve got for as long it takes. 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.” – President Barack Obama

Tags: BP, Environment, Obama, Oil, oil spill