Obama To Demand BP Create Liability Account For Spill Claims

BP does business all over the world through subsidiary corporations. The calls for Obama to put BP into temporary receivership is to put BP's North American subsidiaries into temporary receivership. BP America's headquarters is in Houston, Texas.



FYI - BP was merged with American corporation Amoco in 1998. In 2000, BP Amoco acquired Arco (Atlantic Richfield Co.) and Burmah Castrol plc. British shareholders own about 40% of BP, and American shareholders hold about 39%.
About Gulf Oil Spill
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