BP agrees to Senator Ron Wyden's demands, drops plan to issue shareholder dividend
|
Jun 16
|
Posted in Environment, Changing D.C.. |
After repeat, strong demands from Oregon Senator Ron Wyden and other Senate Democrats, BP has announced that they no longer plan to issue a dividend to shareholders while their mess in the Gulf Coast region not under control.
"This is a judgement in my view that they make for business reasons - it's also the right thing - becuase they've said we can't get the kind of profitabilty for the future unless we can show we can manage this crisis," Wyden said.
BP has also announced that they will deposit $20 billion into an escrow account to compensate Gulf Coast residents and businesses affected by the disaster.
To learn more, please click here.
Posted on June 16, 2010 in Environment, Changing D.C..
