Featured Post

Latest Gold News

Weak dollar, equities supporting gold Trump remains unimpressed with NAFTA   Business cycle winding down says Wall Street banks Klon...

Friday, February 11, 2011

Louisiana Wants BP (NYSE:BP) Oyster Money Now

BP (NYSE:BP) has been asked by Louisiana's congressional delegation to help the state with its oyster industry as soon as possible.

The state claims they requested $15 million in November so they could begin the work of repairing the damaged oyster beds from the Gulf of Mexico oil spill.

U.S. Sen. Mary Landrieu, D-La., said the oyster beds need to be repaired before the spawning season, which occurs in the spring. Oyster production in the region has fallen off its normal levels since the spill.

Not only has BP not given the money to the state, but the Louisiana congressional delegation says they haven't yet responded to the November request.

BP closed Thursday at $45.93, up $0.10, or 0.22 percent.

No comments: