Obama bullies BP into £13.5bn fund for oil spill victims... but British pensioners will pick up the bill
BP has cancelled the first-quarter payment that was due on June 21. Mr Svanberg said the second and third quarter dividends would be suspended - a major blow for Britain's pension funds.
The move will also hit American investors. While 40 per cent of BP's major shareholders are in Britain, Americans have a 39 per cent stake in the multi-national company.
BP also reportedly has twice as many American as British employees
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http://www.dailymail.co.uk/news/article-1287222/BP-oil-spill-British-pensioners-pick-BP-compensation-fund.html#ixzz0r4JU2bWt
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