BP aims to raise $9bn from sale of assets to China

1 post / 0 new

Looks like BP are starting to sell off parts of the company. See this I think is a bit of a concern. If BP becomes controlled by the Chinese oil company (which is government owned), I wonder how easy it will be for the US government to enforce payment for cleanup.

Afterall, what if the Chinese turn around and say we will just take it out of the trillions of debt of yours we already own...

meljomur's picture
meljomur
Joined:
Jul. 31, 2007 3:01 pm

Currently Chatting

The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

Powered by Drupal, an open source content management system