June 17 (Bloomberg) -- Representative Joe Barton, a Texas Republican, said a fund BP Plc agreed to establish after meeting with President Barack Obama yesterday amounted to a $20 billion shakedown.
Im ashamed of what happened in the White House, Barton said today as a House Energy Committee panel began a hearing on BPs Gulf of Mexico oil spill. Due process wasnt followed during negotiations between BP and administration officials, Barton said.