BP preparing to defer dividend: report

NEW YORK Fri Jun 11, 2010 2:03pm EDT

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Fri, Jun 11 2010

NEW YORK (Reuters) - London's Times says BP Plc (BP.L) is preparing to defer its dividend and put the money for dividend in an escrow account until the full scale of the company's liabilities can be determined.

BP spokesman Robert Wine told Reuters "we are considering all options, but no decision has been taken."

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Comments (4)
timOregon wrote:
Those dividends should go to the people they put out of jobs…

I am not one of the unemployed however see the need for Unemployment extensions…
… Congress needs to be held accountable for the their failure to create a jobs bill and a jobs market.

extending Unemployment is not the answer however it what is needed. the Answer is to create jobs, which will take Congress to place hire taxes on any company that out sources jobs over seas, higher taxes on any funds leaving the US and higher tariffs on imports.

Until then we have to pay out unemployment for the failure of our leaders.

Support unemployment here, it is one of Change.org highest all time petitions.


Jun 11, 2010 2:14pm EDT  --  Report as abuse
LolaF wrote:
There are now worries that Corexit, the carcinogenic dispersant that BP is spraying to cover up their crime, is being absorbed by the clouds and then turned into rain: sfgate.com/cgi-bin/blogs/ybenjamin/detail??blogid=150&entry_id=65552.

In Mississippi, crops are dying and they think it’s from poison Corexit rain. The Russians released a report that says they expect the East Coast of the US to be completely destroyed by the toxic rain: eutimes.net/2010/05/toxic-oil-spill-rains-warned-could-destroy-north-america/

Jun 11, 2010 3:58pm EDT  --  Report as abuse
Storyburn_has wrote:
BP is the new Altria, a lumbering cash flow rich giant propped up for the sole purpose of delivering of servicing those legal liabilities

Jun 11, 2010 7:37pm EDT  --  Report as abuse
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