BP at the center of bilateral talks between Obama and Cameron
Posted by adminU.S. President Barack Obama and British Prime Minister David Cameron agreed Saturday to say that nothing positive would come out for the damage to the oil company BP reported a member of the British delegation.
The two leaders met in Toronto on the sidelines of the meeting of the G20 countries.
On Friday, the head of the new British government had requested more clarity on the costs that the oil spill in the Gulf of Mexico exposed the British oil company.
Action BP fell Friday to its lowest level in fourteen years since the accident last April 20 on the platform Deepwater Horizon, the company's market capitalization has shrunk by $ 100 billion.
The British employers as well as pension funds and other shareholder groups have called for Cameron to take BP's defense against criticism of Obama as being too severe.
The subject has been discussed by Cameron during a bilateral meeting Saturday, the first of the two men since the leader of the Conservative Party succeeded last month in Gordon Brown at 10 Downing Street.
"Both agreed that nothing good would come out of the damage to BP, reported a member of the UK delegation."Both agreed that BP would meet its obligations to plug the leak, clean it and pay the costs of legitimate compensation," he added.
BP said they paid $ 2.35 billion since the beginning of this oil spill is unprecedented in the history of the United States.
The company also announced the creation of a special fund of 20 billion dollars expected to cover the costs of the environmental and economic disaster.
BP, formerly British company essentially is now a company whose capital is split into two main groups: 40% of its shareholders are based in Britain and 40% also in the United States.