CONFLICT?: State of Florida “holding onto 170 million dollars worth of BP stock and bonds”; participates in BP shareholder meetings


States BP Investments, Capitol News Service:

The state is holding onto 170 million dollars worth of BP stock and bonds despite their falling value and the financial trouble the company is causing Florida. When the state took on big tobacco in the early 90's, it sold all its stock in cigarette companies to make a statement against smoking. ...

The state's BP stock has lost 67 million dollars worth of its value since the oil rig exploded April 20th. ...

Also keeping BP stock allows the state to participate in shareholder meetings, giving Florida a say-so in company's future.

http://www.flanews.com/?p=9806

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