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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tommaso who wrote (136038)6/24/2010 9:46:11 AM
From: Kayaker1 Recommendation  Read Replies (1) of 206326
 
<< I frankly do not care if we cut the pensions of British citizens by 10% by sticking it to BP. >>

BP Oil Disaster Costs U.S. State Pensions $1.4 Billion in Value
By Dunstan McNichol - Jun 22, 2010

BP oil disaster costs U.S. state pensions $1.4 billion

Public pension funds are struggling to recover from investment losses since BP's oil spill.

The California Public Employees’ Retirement System lost $284.6 million in value as the largest oil spill in U.S. history erased more than $1.4 billion from BP Plc shares held by 42 state retirement accounts, data compiled by Bloomberg show....

bloomberg.com
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