The money comes from revenues, just like any other company. And they are suspending their dividend, which will hurt British pensioners just like US pension plans that were invested in US investment banks were hurt when those firms had massive wipeouts. On the other hand, BP usually comes in with 30 to 40 billion per year in profit, so I don't think they are too worried about $20 billion spread over a couple of years.
As for the $75 million cap, that is for liability, not cleanup costs. This $20 billion escrow fund hasn't, as far as I'm aware, had any details made public about what it will cover, it could just cover cleanup costs and economic damage claims might be done through an entirely separate process. On Thu, Jun 17, 2010 at 10:58 AM, Sam <[email protected]> wrote: > > The money comes from British pensioners, that's not the problem. It's > the public opinion that would destroy BP as a brand if they refused > the O's offer :) > > On Thu, Jun 17, 2010 at 1:53 PM, Sisk, Kris <[email protected]> wrote: >> >> It's not even suicide for them. Oil companies can do whatever they want >> and not be worried about taking any significant financial hit. If >> there's just barely enough crack dealers in town to keep all the >> crackheads supplied the one who beats up his users will still have >> plenty of users. That's pretty much where we sit with oil. >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:321414 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
