3 ms·
I thought the opposite from outside the US - I thought the US lambasted (rightfully) BP which caused BP to almost go out of business - they had asset sales at t
by rbg246 7y ago
I thought the opposite from outside the US - I thought the US lambasted (rightfully) BP which caused BP to almost go out of business - they had asset sales at the time to pay for the costs.
There were pension liquidity fears at the time due to the costs that it needed to pay. BP provides a large percentage of dividend payments on the the London Stock Exchange which pension funds rely on for paying out pensions.
The wikipedia page is quite clear on how much BP paid in damages and they were not insignificant - $42Billion had been paid into a trust fund.
To say no effect is incorrect.
- deleted 7y ago[deleted]