BP Complaints

Obama May Get Political Boost From Pressing BP to Set Up Fund
President Barack Obama scored a political victory by pressuring BP Plc to commit billion for damages from an environmental disaster that’s weighing on his presidency as the company struggles to contain thousands of barrels of oil flowing into the Gulf of Mexico each day.
Read more on BusinessWeek

(AFX UK Focus) 2010-06-16 20:23 CORRECTED-UPDATE 1-BP cuts dividend, capex, assets for oil spill fund
LONDON, June 16 (Reuters) – Oil giant BP said it would cut four quarters of dividends, significantly reduce its investment program and sell billion of assets to fund a planned billion fund to pay for its Gulf of Mexico oil spill. The commitments, outlined in a statement on Wednesday, are harsher penalties than most investors had expected and follow BP chairman Carl-Henric Svanberg’s …
Read more on Interactive Investor

BP agrees spill fund, cuts dividend
Will sell assets to raise compensation funds; govt to run escrow account. 17 Jun 2010 11:27 AM
Read more on Business Spectator

28 May 2010

Image by Louisiana Sierra Club

BP agrees to 13.6 billion fund for spill claims
WASHINGTON (Reuters) – Under intense pressure from President Barack Obama, BP Plc agreed on Wednesday to set up a billion (13.6 billio pound) fund for claims from its huge Gulf of Mexico oil spill and suspended dividend payments to its shareholders.
Read more on thewest.com.au

BP agrees to billion fund for spill claims
WASHINGTON (Reuters) – Under intense pressure from President Barack Obama, BP Plc agreed on Wednesday to set up a billion (13.5 billion pound) fund for claims from its huge Gulf of Mexico oil spill and suspended dividend payments to its shareholders.
Read more on Reuters via Yahoo!7 News

Following a meeting with the President of the United States, the BP Board announces an agreed package of measures to meet its obligations …
BP press releases

BP sets up billion compensation fund for oil spill victims
On a day that was all about holding Big Oil’s feet to the fire, a planned 25-minute White House meeting stretched on for hours.
Read more on Toronto Star

White House: BP Will Pay B Into Gulf Spill Fund
At the White House, the president and the oil company’s top executives reached an agreement on the escrow fund the administration demanded to compensate victims of the Gulf Coast spill.
Read more on NPR

BP Said to Agree on Billion Fund for Oil Spill (Update2)
BP Plc tentatively agreed to put about billion over time into a fund to pay damages resulting from the Gulf of Mexico oil spill, with claims administered by the lawyer who oversaw executive compensation under the government’s financial bailout, people familiar with the talks said.
Read more on BusinessWeek

Reid suggests BP pay billion for compensation fund
WASHINGTON — Sen. Harry Reid on Monday called on BP to set aside billion in an escrow fund to pay compensation for damages caused by the oil spill in the Gulf of Mexico.
Read more on Las Vegas Review-Journal