| Beneficial owners as at 31 December 2009a b |
|
|
Percentage of shares in issue
|
|
|
|
|
|
|
|
By principal area |
|
|
|
|
|
|
|
|
UK |
|
33 |
|
7 |
|
40 |
|
|
US |
|
25 |
|
14 |
|
39 |
|
|
Rest of Europe |
|
10 |
|
- |
|
10 |
|
|
Rest of World |
|
7 |
|
- |
|
7 |
|
|
Miscellaneousc |
|
4 |
|
- |
|
4 |
|
|
|
|
79
|
|
21 |
|
100 |
|
a Reflects the beneficial (underlying) ownership of the shares.
b Represents BP’s best efforts to determine the domicile of the beneficial (underlying) owners of the group’s shares, based on analysis of the year-end share register. Note that institutions include custodians, market makers, delivery by value, brokerage, stocklending, clearing and non-American depositary receipt arbitrage.
c Miscellaneous represents shareholders below the 100,000-share threshold and unidentified shares. Unidentified shares represent holdings that are awaiting confirmation of the identity of the beneficial holder and the nature of their interest in the shares following enquiries made under Section 793 of the Companies Act 2006.
Source: Financial and Operating Information 2005- 2009
http://www.bp.com/extendedsectiongenericarticle.do?categoryId=9010453&contentId=7019612
Posted on 2010 05, 24 by duo
By Bruce McQwain
Europeans have boasted about their social model, with its generous vacations and early retirements, its national health care systems and extensive welfare benefits, contrasting it with the comparative harshness of American capitalism.Europeans have benefited from low military spending, protected by NATO and the American nuclear umbrella. They have also translated higher taxes into a cradle-to-grave safety net. “The Europe that protects” is a slogan of the European Union.
But all over Europe governments with big budgets, falling tax revenues and aging populations are experiencing rising deficits, with more bad news ahead.
With low growth, low birthrates and longer life expectancies, Europe can no longer afford its comfortable lifestyle, at least not without a period of austerity and significant changes. The countries are trying to reassure investors by cutting salaries, raising legal retirement ages, increasing work hours and reducing health benefits and pensions.
“We’re now in rescue mode,” said Carl Bildt, Sweden’s foreign minister. “But we need to transition to the reform mode very soon. The ‘reform deficit’ is the real problem,” he said, pointing to the need for structural change.
The reaction so far to government efforts to cut spending has been pessimism and anger, with an understanding that the current system is unsustainable.
Reality can be a real problem – in the real world. And Europe has begun to bump up against it.
Posted on Dec 29th, 2009
TY to intrigued
NEW ORLEANS — With the recession showing signs of ebbing, Gulf of Mexico ports hope hundreds of millions of dollars in expansion projects proposed before the downturn will help them capture more trade as the world economy recovers.
A $5.25 billion project to expand the Panama Canal will allow the largest container ships to cut through to the eastern side of North America — and perhaps cut into the dominance of West Coast ports handling freight from Asia.
Even though the downturn has clouded future trade patterns, port officials said now is the time to be getting ready. Expansions pegged to the Panama Canal project, which is due for completion in 2014, had largely been on the drawing board before the recession began.
“There are some ports throughout North America and that have said, ‘Let’s wait and see how long-term this economic environment is going to last,’” said Don Allee, chief executive of the Mississippi State Port Authority at Gulfport. “But if a port decides to wait, it could be a costly decision.”
The Panama Canal project, approved by Panamanian voters in a 2006 referendum, involves construction of two larger locks expected to double the 50-mile canal’s capacity within 20 years. The project includes $2.3 billion in institutional financing.
By David Galland, Managing Editor, The Casey Report
There is a lot of “noise” being tossed out by the politicos and their preferred pundits about how the U.S. economy is on the mend. Thus it is important to try and separate fact from fiction about where things really stand.
FICTION: Though sporadic, the U.S. economy will continue to improve.
FACT: The U.S. is headed for a currency crisis.
While having learned to cover their butts by adding some modest modifiers to their generally rosy forecasts, the administration’s shills (Geithner, Bernanke, Summers, et al.) are unified in telling us that the worst is over.
The fact is that the U.S., nay, the world, is headed for fiat currency crash. Let me push forward some evidence in support of that contention.
In this fiscal year, the U.S. government will run its second trillion-dollar-plus deficit. Concerned about the political heat going into the November elections, the Democrats have been making noise about cleaning up their sloppy spending.
A note: Greece calls foul on us about their debt…we help bail them out [this is part of the master plan as the Euro can't fail..it must succeed if they want a world currency..Which we Don't!!! The fewer people that hold control of the money equals the less power any of us will have to do anything about it...Just look at our current situation with the big banks, Goldman Sacs and their entity "The Fed"] And Greece still has the audacity to come after us…why is everything America’s problem? Doesn’t anyone take responsibility for their own troubles???~jmo~jude/rockingjude
As yet little noticed by investors is the gaping hole in America‘s hull. James Davidson reports that while the Greeks need to raise an amount equal to more than 20% of their GDP this year, the US funding requirement is more than 32% — more than any of Europe‘s storm toss’d states.
Each story has its unique twists. But the outcome is always the same: the world’s total debt increases every time. And now, the returns on solutions are negative.
Suffering a set back from the appellate court, the Obama administration is now soft peddling the idea through a back door approach. With the recent finding that George Soros has funded a group called Free Press, they recommend the development of a world-class government-run media system in the U.S.
Exactly what a free country needs. Perhaps the government will spend vast sums or our money determining how the likes of Hugo Chavez, Fidel Castro, Kim Jong-Il and or our friends in Iran are running their programs.
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By Ellen Brown
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