The US President Obama and UK Prime Minister Cameron had a talk over the phone on 12th. Among the issues the talk was concerning the BP's oil spill case. BP is to set some measures within 48 hours. The talk seems to have been for getting BP compensate for the loss.
The headlines read: Cameron distance himself from BP. Nick Clegg blasts megaphone diplomacy. Obama furious about BP for its dividends and PR expenses, and on its CEO for comments such as the contaminated area is small enough compare to the size of the vast ocean. The talk ended.
BP is the third largest oil company in the world. 40% of BP's world sales are in the States, UK and US share holders comprises of 40% of its shares each. The oil spill would cost BP billions or tens of billions of dollars.
Confronting with this huge financial institute -- BP is the second largest in FTSE 100 with its dividends comprise of 14% of all dividend payouts in UK in 2009 according to Morgan Stanley. "Can US win the battle against the multinational UK company?" "Can the President get BP compensate for the loss?" Who would be paying for the losses? US taxpayers? UK taxpayers? Or will BP cancel its dividends to pay for the damages?
The headlines read: Cameron distance himself from BP. Nick Clegg blasts megaphone diplomacy. Obama furious about BP for its dividends and PR expenses, and on its CEO for comments such as the contaminated area is small enough compare to the size of the vast ocean. The talk ended.
BP is the third largest oil company in the world. 40% of BP's world sales are in the States, UK and US share holders comprises of 40% of its shares each. The oil spill would cost BP billions or tens of billions of dollars.
Confronting with this huge financial institute -- BP is the second largest in FTSE 100 with its dividends comprise of 14% of all dividend payouts in UK in 2009 according to Morgan Stanley. "Can US win the battle against the multinational UK company?" "Can the President get BP compensate for the loss?" Who would be paying for the losses? US taxpayers? UK taxpayers? Or will BP cancel its dividends to pay for the damages?