Maine Congressman Mike Michaud has applauded the announcement from BP Chairman Carl-Henric Svanberg that the company will halt its planned $10 billion dividend payout until the Gulf oil spill disaster is under control.
“I am pleased that BP suspended these payments and agreed to the creation of an escrow account. They must clean up the Gulf Coast before they spend billions on shareholder dividends,” said Michaud. “This catastrophe is far from over. Many businesses and families continue to see their livelihoods devastated by this spill. Now is the time to focus our efforts on the clean up and ensure that BP lives up to its ....