It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

BP to raise $50 billion for oil spill costs: report

page: 1
0

log in

join
share:

posted on Jun, 20 2010 @ 10:01 PM
link   
BP to raise $50 billion for oil spill costs: report


LONDON (Reuters) - BP (BP.L: Quote, Profile, Research, Stock Buzz) is planning to raise $50 billion to cover the cost of the largest oil spill in U.S. history, London's Sunday Times reported without citing sources. The paper said BP planned to raise $10 billion from a bond sale, $20 billion from banks and $20 billion from asset sales over the next two years.

Continues at link.


As stated in the Reuters piece, this is unconfirmed information, but the $20 Billion from banks is confirmed. The other two legs of the three legged strategy would seem credible even if not confirmed at this point.




new topics
 
0

log in

join