Amidst the growing political pressure and environmental mutilation at the gulf bay, President Barack Obama has demanded BP to consider and create an escrow account to compensate for the Gulf Coast oil mishap, voiced by the white house officials.

After the meet with the BP officials, Obama is expecting to declare the information on the same and soon shall be attending another meet to address to the nation today.

According to the senior White House adviser David Axelrod, the authorities wants to ensure that BP shall deposit the money in the escrow accounts for the legitimate claims, which has inclined near about US$1.6 billion.

The meet with the President's and BP executives will take into consideration the approximate value which is required to be kept aside with regards to the Escrow account.

The top personnel appointed by the government for the oil spill matter, Thad Allen expressed on Sunday that the administration should get in a third-party official to take into consideration the fund movement and ensure payments shall be made as quickly as possible.

On this the BP spokeswoman Anne Kolton voiced that the company is already going along with the discussions to sort the matter in a best possible manner.

''It's BP's responsibility to pay for all of this. And the mechanism for doing it needs to be one that's friendly to the claimant,'' said Mississippi Governor Haley Barbour.

Further the governor, Alabama Governor Bob Riley expressed that the fund is collected to compensate the affected lot.