CEO: BP will make good on $10 billion in profit payouts to shareholders, despite spill

$10 billion in payouts are scheduled for this year. The cost of the spill has been estimated in the tens of billions.

http://rawstory.com/rs/2010/0604/bp-10-billion-dividend-payouts/


From Information Clearing House

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BP chief Tony Hayward sold shares weeks before oil spill
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7804922/BP-chief-Tony-Hayward-sold-shares-weeks-before-oil-spill.html


From APFN daily update

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Why BP Should Just Deny Everything and Brace for Impact
http://www.lewrockwell.com/bonner/bonner434.html

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BP Attempts To Buy Off Government Officials

Alex Seitz-Wald, ThinkProgress: "Facing possible jail time for their roles in the largest oil spill in American history, BP and Halliburton are building high-powered legal teams with 'deep Department of Justice and White House ties.' But the companies are pursuing other means to defend themselves as well."

http://www.truthout.org/bp-and-halliburton-build-legal-teams-attempt-to-buy-off-government-officials60165



BP Could Face Massive Fines Under Clean Water Act

Les Blumenthal, McClatchy Newspapers: "If the Obama administration is serious about holding BP and others responsible for the Gulf of Mexico oil spill, it can start with the federal Clean Water Act, which could allow the federal government to collect as much as $4.7 billion in civil fines just for the oil that's spilled so far."

http://www.truthout.org/bp-could-face-massive-fines-under-clean-water-act60181

--------

Letter to the editor re: Deepwater Horizon spill

Rational Review
by Elizabeth Higgs

06/07/10

The federal government gave a lowball figure of 12,000 to 19,000 barrels a day gushing out of the well. Then, BP puts this cap on and claims they are getting 10,000 barrels a day. If all these numbers were correct, there would be a noticeable diminution in the amount of oil that we see. But, in fact, for those of us who are living this shit every day, we cannot tell ANY difference in the flow. There are several possibilities: 1) Our eyes deceive us. 2) BP’s numbers are a lie. 3) The Feds numbers are a lie. I pick #3...

http://www.rationalreview.com/content/82430


Informant: Thomas L. Knapp



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