How many British pension funds have substantial investments in BP? How

[Captain Hilts]

are the value of those pensions holding up?

[TheBigotBasher]

1. It is not the valueof the funds that matter

it is the value of their dividend, which has equated to something like 8 to 12% of all pension dividends in previous years. Quite a lot to make up.

[dipsydoodle]

2. Probably less than the USA given the difference in population size

JP Morgan Chase hold 27% of BP's shares for starters with the great majority of those involved with pension funds.

Its all very well the financial specialists accountants ,lawyers, geologists, deep water engineers etc etc here on DU spouting forth on lets nationalise them, jail them, bury them at the bottom of the gulf whatever but nothing changes the fact that maintaining the status quo would probably provide the optimal solution because regardless of the actual DISTRIBUTION of the profit BP are probably best placed to maximise it in the first place.

I obviously undertstand the sheer amount of anger on this issue but there is no point in cutting your nose to spite your face.

[Captain Hilts]

3. I'm just concerned at what happened to pension funds - NY State for example - when Enron tanked

happening in Britain where I'm told a lot of pension funds are invested in BP.

So, if its stock dives, it hurts regular working folks.

[dipsydoodle]

4. Yes - regular working folk

and that's what horrifies me about any talk of wishing BP absolute harm. It's their ongoing operations worldwide which generate such high trading profits and its those profits which would ultimately be used to help correct the current situation in the Gulf. It cracks me up when some here say they shouldn't be making those high profits when what they actually mean is the way in which those profits are distributed.

There's probably a lot going on behind the scenes with regard to the US Gov v BP which neither we nor the spectacular number of geologists, lawyers, accountants, deep sea engineers etc here on DU who were previously unknown to us but have since come to the fore, are currently aware of.

:hi: from England.