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House Price Crash Forum

NeverLetThemWin

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About NeverLetThemWin

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    HPC Newbie
  1. As I understand it that isn't a cleanup cost. It's a civil fine. They can decide not to clean a single barrel from the sea and still fine BP $4,300 a barrel for spilling it. Much as they can fine you £10k for driving drunk even if you didn't hit anyone.
  2. As regards above I heard the other day that BP self-insure for such spills, so no Lloyds bailout. I also found this as well. Looks like it's bye-bye dividend for a year or two at least http://www.phongpo.com/2010/05/26/civil-penalty-in-the-gulf-could-be-4300-barrel-spill/ NEW YORK – Just how many barrels of oil are flowing into the Gulf of Mexico from the Deepwater Horizon spill is one billion U.S. dollars question with implications that go beyond the environment. It can also help determine how much BP and others end up paying for the disaster. Gulf Oil Spill. A clause buried deep in the U.
  3. Hi my names Nick. I'm an IT guy in London who's thinking of being a FTB in a year or two IF the HPC fiunally comes off. Long time lurker.
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