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Monday, June 14, 2010

BBC News - US oil spill: BP bosses to hold dividend talks

BBC News - US oil spill: BP bosses to hold dividend talks

BP directors will discuss later whether to suspend dividends to shareholders, following the Gulf of Mexico oil spill.

On Monday 14 and Tuesday 15 June, the BBC is assessing the impact of the Louisiana oil spill. Correspondents in the US, the Gulf of Mexico, Brazil, Nigeria and London will report for the BBC World Service, World News TV and the BBC News website.

The firm is under intense pressure from the US government, which wants BP to use the money to pay for the Gulf of Mexico clean-up.

No decision is expected to be announced immediately, with BP bosses due to meet President Barack Obama on Wednesday.

President Obama wants BP to pay money into a ring-fenced fund to compensate those with "legitimate" damages claims.

The company said on Monday that its response to the incident has so far cost $1.6bn (£1.1bn) More...

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