BPs 10 biggest shareholders
EXCERPT:

The UK insurer and asset manager owns 4pc of the shares.

Barclays Global Investors:

The asset manager, which is owned by BlackRock, owns 3.8pc of the shares.

Norges Bank Investment Management:

The asset manager manages the money generated from Norway's oil revenues and owns 1.8pc of the shares.

Kuwait Investment Authority:

The body manages the funds for Kuwait government. It owns 1.75pc of the shares.

M&G Investment Management:

The UK asset manager, owned by the Prudential, owns 1.67pc of the shares.

Standard Life:

The Scottish insurance company owns 1.5pc of the shares.

Capital Research & Management Co:

The Los Angeles-based fund owns 1.3pc of the shares.

Insight Investment Management:

The fund manager owned by Lloyds Banking Group owns 1.13pc of the shares.

China's State Administration of Foreign Exchange:

The body that manages China's $2.4 trillion of foreign-exchange reserves owns 1.1pc.

Data from Bloomberg as of June 3.


BP owns 51%
EXCERPT:
Posted by Daniela Perdomo at 5:29 pm
May 25, 201010 COMMENTS UPDATED: New Oil Spill in Alaska, Pipeline is 51% Owned by BP
Another day, another oil spill. And before you ask: Yes, BP is involved.


BP had biggest piece of the pie
EXCERPT:
BP owned a controlling interest in the Alaska oil industry consortium that was required to write a cleanup plan and respond to the spill two decades ago. It also supplied the top executive of the consortium, Alyeska Pipeline Service Co. Lawsuits and investigations that followed the Valdez disaster blamed both Exxon and Alyeska for a response that was bungled on many levels.

People who had a front row seat to the Alaska spill tell The Associated Press that BP’s actions in the Gulf suggest it hasn’t changed much at all.

The Gulf leak has grown to at least 6 million gallons since an oil rig exploded April 20, killing 11, and is almost certain to overtake Valdez as the nation’s worst oil spill.

The companies responsible, Exxon, BP, Arco, Mobil and others owning Alyeska
EXCERPT:
The companies responsible, Exxon, BP, Arco, Mobil and others owning Alyeska, had assured Alaskans it would never happen. But in 1990 the state Oil Spill Commission concluded that they and the government had been complacent.

BP had a central role in the Exxon Valdez disaster
EXCERPT:
BP had central role in the Exxon Valdez disaster
May 25, 2010
The AP drops this bombshell today about the 1989 Exxon Valdez disaster:

… the leader of botched containment efforts in the critical hours after the tanker ran aground wasn’t Exxon Mobil Corp. It was BP PLC, the same firm now fighting to plug the Gulf leak.

BP and the Exxon Valdz Scandal
EXCERPT:
Yet the leader of botched containment efforts in the critical hours after the tanker ran aground wasn't Exxon Mobil Corp. It was BP PLC, the same firm now fighting to plug the Gulf leak.

BP owned a controlling interest in the Alaska oil industry consortium that was required to write a cleanup plan and respond to the spill two decades ago. It also supplied the top executive of the consortium, Alyeska Pipeline Service Co. Lawsuits and investigations that followed the Valdez disaster blamed both Exxon and Alyeska for a response that was bungled on many levels.

JP Morgan invented credit default swaps to give Exxon credit for Valdez liability
EXCERPT:
JP Morgan invented credit-default swaps to give Exxon credit line for Valdez liability
May 26, 2010
Credit-default swaps are widely seen as a major contributor to the recent financial meltdown. But the origin of CDS’s with the Exxon Valdez oil disaster isn’t as widely known.

The New Yorker has a long review of a couple of financial books, including Fool’s Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe. It details the history of the CDS, an idea that came out of a June 1994 JP Morgan off-site in Boca Raton (where “binge drinking occurred” and “a senior colleague’s nose was broken”):

Mutual Fund Scandal
EXCERPT:
Daily Record, The (Baltimore), Sep 26, 2003 by Kathleen Johnston Jarboe
123Next ..As an investigation into unfair and illegal mutual fund practices widens, New York's attorney general and the Securities and Exchange Commission have put Maryland companies as well as many others under the microscope.