More Trouble for BP, Bankruptcy is Possible

[Ulster-Lad]

In addition to the problems BP has in the Gulf of Mexico a new row is brewing between BP and the US over the Lockerbie incident. The US is investigating the possibility that a deal was struck with Libya by the British government to free the Lockerbie bomber in exchange for a lucrative oil contract off the Libyan coast.

NEW YORK—Four U.S. Senators from New York and New Jersey raised questions on Tuesday about oil giant BP’s involvement in the release of the man convicted of bombing Pan Am Flight 103 in 1988.

BP landed a $900 million offshore drilling deal with Libya for the British government to release the man, said the Senators, which include Charles Schumer (D-N.Y.), Kirsten Gillibrand (D-N.Y.), Robert Menendez (D-N.J.), and Frank Lautenberg (D-N.J.).

Epoch Times - Senators Push for BP Investigation on Lockerbie Bomber Release

This is in addition to the Billions of BP is liable for with the incident in the Gulf of Mexico. The British government has massive amounts of money in BP, namely most of it's pension funds.

In the aftermath of the Deepwater Horizon oil disaster, rarely has one event come to embody so many of the risks that UK pension funds face today.

Comment: BP fall-out highlights pension fund risk - IFAonline

[Sailor]

The whole BP saga is being cast in a Brits v Yanks light. The fact is that the ordinary shares are split fairly evenly between them - it's as much an American company as a British one.

[Boy M5]

The whole BP saga is being cast in a Brits v Yanks light. The fact is that the ordinary shares are split fairly evenly between them - it's as much an American company as a British one.

Spot on.

Also did the alleged Lockerbie bomber actually plant the bomb.
It was always believed to be the work of the PFLP -GC / Iran and Syria until 1990.

Then the latter 2 were needed in Gulf War 1 and suddenly Libya was in the frame

Unanswered questions: Lockerbie's legacy: 270 dead, no one behind bars - Home News, UK - The Independent

[bprob]

did i miss the bit about bankruptcy? not going to happen

[On_The_Far_Right]

Ummm, now is the time to buy BP shares me thinks

[Boy M5]

did i miss the bit about bankruptcy? not going to happen

Agreed BP will not enter in bankruptcy

[idle tim]

Cameron in US today to meet Obama re BP crisis Afghanistan ect,he has refused to meet with a group of Democrat senators regarding the release of Lockerbie bomber and BPs alleged lobbying for it.Dont think he will get away from Obama to easy on the issue.

[Sync]

Cameron in US today to meet Obama re BP crisis Afghanistan ect,he has refused to meet with a group of Democrat senators regarding the release of Lockerbie bomber and BPs alleged lobbying for it.Dont think he will get away from Obama to easy on the issue.

It's something to discuss with Obama. He's quite right not to meet the senators. Could anyone imagine Bush or Obama meeting a group of Conservative backbenchers who have questions about a US company from the Clinton era?

[Viscount Crouchback]

Cameron has now agreed to meet the Senators. He’s invited them to the British Ambassador’s residence in Washington this evening.

David Cameron agrees to meet US senators over BP's role in Lockerbie bomber release - Telegraph

[Sync]

And as I say that, Cameron backs down:

UK Prime Minister David Cameron has agreed to meet four US senators to discuss allegations that BP lobbied for the release of the Lockerbie bomber.

Senators from New York and New Jersey wanted to meet Mr Cameron over the release of Abdelbaset Ali al-Megrahi, who has prostate cancer.

BBC News - David Cameron agrees to meet senators about Lockerbie

Wuss.