
How BP got bailed out by taxpayers
August 9, 2021
Comments Off on How BP got bailed out by taxpayers By admin
It’s been a rough year for the global oil and gas industry, and the last few months have seen BP pay $2.8 billion in penalties and fines for violating the Clean Water Act and the U.S. Clean Water Rule.
But BP didn’t just get off easy, it also got a new lease on life.
BP and other oil companies have been bailed out in a deal that would allow them to refinance on the cheap in the years ahead.
BP said it will pay $10.9 billion to the U,S.
and foreign governments over the next 10 years, and will repay the debt through dividends and share buybacks.
The company said it’s also paying $1 billion in interest over that time period, which it hopes to recoup by selling bonds to the public.
The deal also gives the U
Recent Posts
- Mexico says US should get out of NAFTA, Mexico says no
- An earthquake in the Dallas area causes at least four deaths
- How to use CDC’s new 3D Maps for NASA’s Mars 2020 rover
- How to watch the first NBA Draft in Los Angeles: Live updates
- How to get the best out of your mobile phone with the right phone charger
Categories
Tags
abc current news
adele current news
anc current news
asuu current news
bolivia current news
cdc current news
chattanooga current news
cuba current news
current advertising news
current ct news
current economic news
current entrepreneurship news
current fire news
current indianapolis news
current mississippi news
current news bangla
current news channel
current news download
current news seattle
current sacramento news
current science news
current soccer news
current technology news
current transportation news
current trump news
current uk news
current veterinary news
current volleyball news
dallas current news
dmx current news
fdc current news
free current news
idaho current news
italy current news
jagan current news
japan current news
lahore current news
macy's current news
milwaukee current news
nagma current news
supertech current news
taiwan current news
upi news current
venezuela current news
weird current news