BP, Transocean shrug off scathing oil spill report

LONDON Thu Jan 6, 2011 3:15am EST

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LONDON (Reuters) - Shares in BP Plc and Transocean shrugged off a scathing report from U.S. Presidential panel which blamed the United States' worst ever oil spill on risky decisions the companies made.

London-listed shares in BP traded up 1.3 percent at 506 pence at 0807 GMT (3:07 a.m. ET), while shares in Swiss based Transocean were up 2.3 percent. The STOXX Europe 600 Oil and Gas index traded up 0.9 percent, one higher oil prices.

(Reporting by Tom Bergin; Editing by Hans Peters)

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Comments (1)
McBob08 wrote:
What do they care about the human or environmental cost of their greediness and carelessness; so long as they’re turning a profit. This is why we can’t let capitalism be the defining trait of the world; it has no heart, no conscience, no mercy, no pity and no humanity. As human beings, we deserve better than capitalism.

Jan 06, 2011 4:01am EST  --  Report as abuse
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