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Davison man accused of scheme to get BP cash
Detroit Free Press … a phony claim to recover money from oil giant BP, claiming the gulf coast oil spill caused his ice cream business in Florida to suffer financially, … Feds say they melted Mich. fraud tied to BP spill |
 CTV.ca |
Gulf Oil–Spill Commission Finds No Evidence BP Put Saving Cash Over Safety
Bloomberg Photographer: Derick E. Hingle/Bloomberg The US panel investigating the BP Plc oil spill found no evidence decisions were made to put profit ahead of safety … No evidence Gulf oil firms put profit over safety: probe Officials gather in Florida for first meeting of Gulf oil spill restoration … Gulf spill panel finds safety not sacrificed |
 WKRG-TV |
Oil spill: Crabs, Flounders still waiting for BP cash
Pensacola News Journal With those three stated criteria for compensation from BP for damage from this summer's oil spill, a restaurant on the Gulf that serves seafood and depends … Oil claims center finds BP's records lacking Federal official extends time allowed to respond to individuals, businesses Speed up payments from fund to compensate oil spill losses: An editorial |
 Telegraph.co.uk |
BP plots cash course for oil cleanup, future
Houston Chronicle It also announced it was setting aside .2 billion on its books for Gulf oil spill costs, and will sell up to billion worth of assets — triple what … Florida oil spill UPDATE: BP says top kill mud was toxic: Tony Hayward … Why Robert Dudley is tailor-made to lead BP past Gulf oil spill Tony Hayward's 3 Biggest Mistakes |
Embattled BP turns to banks for cash
BP, battling to plug a gushing oil well under the Gulf of Mexico, is seeking loans of $US1 billion from each of seven banks to raise up to $US7 billion, banking sources told Reuters on Friday.
Read more on Brisbane Times
Tourism asking for cash
The DeKalb County Tourism Association wants additional funding to replace lost revenues. The losses aren’t related to decreased tourism due to the BP oil spill, but rather a recent annexation impacting lodging tax earmarked for tourism.
Read more on The Times-Journal
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Obama wants BP cash in escrow
President Barack Obama, still scrambling to take political control of the Gulf oil crisis, will demand this week that BP begin setting aside cash in escrow accounts to handle damages and turn over the handling of claims to an independent panel, White House officials said Sunday. The president, who is …
Read more on The Washington Times
This week Max Keiser and co-host Stacy Herbert compare the BP offshore toxic oil spill crisis to the toxic derivatives spill polluting global financial system. In the second half of the show, Max interviews Heidi Moore of Slate’s TheBigMoney.com about movie futures, financial innovation and financial reform.
Video Rating: 4 / 5
As the oil spill surges toward disastrous proportions, critical questions linger: Who created the conditions that caused the gusher? Did BP and the US government react robustly or quickly enough in its early days? “The oil spill and the spreading is getting so much faster and expanding much quicker than estimated.” What kind of world are we leaving to the kids, the future generations?
CS Sees Total BP Oil Spill Cost Up To Billion, To Eat Up 3 Years Of Free Cash Flow, Will Require 10% Rise In Gearing
Some more bad news to BP, and to all those chattering heads that due to BPs tens of billions in cash, any cleanup costs are just a drop in the bucket. Credit Suisse has just come out with a new estimate of total clean up costs and liabilities to BP: the Swiss firm sees BP paying between and billion in clean up costs plus billion of claims. The punchline: ” This would absorb 3 years …
Read more on Zero Hedge
Sen. Mary Landrieu takes heat for BP campaign cash
Sen. Mary Landrieu, D-La., was on the airwaves this week, pressing the needs of the Gulf Coast in the aftermath of the BP oil spill in the Gulf of Mexico, but also defending offshore drilling, and, along the way,…
Read more on New Orleans Times-Picayune
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