but let's just say that b.p. isn't voluntarily getting involved in the gulf coast tourism industry and the reparations certainly don't end with a few promotional videos or with a slap on the wrist the trial is set for january of two thousand and thirteen in new orleans a result of a resulting gross negligence ruling could merely quadruple a civil damages owed by b.p. under the clean water act to twenty one billion dollars eighty percent of that money would go directly to the gulf coast as a part of the restoration act but one thing in particular to pay attention to is the timing of the d.o.j. rhetoric they were very critical. all the nit picked off a bit and now a new report is coming out so could have something to do with that us elections greg palast is an investigative journalist and author of the book billionaires and bailout bandits that will be coming out on september eighteenth he joined me just a little bit earlier to talk everything v.p. here's that take if you're going to announce this why would you do

b.p. accusing the british oil company of a culture of corporate recklessness so where is the evidence and how is beef the responding the line has been drawn in the sand and we'll bring it to you. and if you think super pacs are influencing the outcome of federal elections wait until we tell you about the major funding and power behind trade associations and their international connections. and it's no secret that the democratic party has some strong ties with hollywood coming up next we'll take you behind the scenes of one of the star studded events with mega superstar power. it's thursday september sixth eight pm in washington d.c. i'm maggie lopez and you're watching r.t. . topping the news this hour it's been two years three months and seventeen days since the deepwater horizon rig started spewing oil into the gulf of mexico and still the story skips seeping into the news this week the news was twofold first that hurricane isaac has uncovered oil that was previously covered up after the

brief was filed in the court of louisiana where b.p. is in the process of settling seven point eight billion dollars in civil damages for gulf residents well you might be saying oh awesome after more than two years the government's finally taking a hard line against the corporation responsible for the worst environmental crisis in history well funny thing is that it's been known since the beginning that b.p. was criminally negligent the commission that investigated the spills that b.p. and its cement contractor good old how laverton knew that the mixture used in the well construction was faulty and would allow oil leaks in fact they not only knew it but they purposefully cut corners in every way to save costs. but all of this obvious criminal negligence aside at least the gulf is totally fine now right. we're leaving from all spill related clean up plans and we've established a pride when you million dollar fund so independent science has to stand in the balance while like an environment for ten years the sun still waters beautiful you

b.p. has spent $14 billion on the cleanup so far, like mike harrison's b.p.eanup operations in louisiana. >> the vast majorityuf our cleanup activities have reached end points in most of the states. i do not believe that this is something that, again, is hazardous or humans should be concerned about. >> reporter: state officials here told us that two weeks before isaac hit and left this, b.p. wanted to declare the beaches of elmer's island clean and move on. scott, i talked to b.p. today, they said their army of cleanup crews will be back at at in louisiana tomorrow. >> pelley: mark, thanks very much. ehe national weather service wander today the weather phenomenon none known as el nino is expected to begin this month and could last through february. el nino is formed by warmer-than-normal water temperatures in the pacific. it can cause devastating storms in the west, but fewer hurricanes in the east. the last el nino was back in 2009. 2009. you know emily dickenson's poems, but do you know her face? a lost image is uncovered, next. [ male announcer ] it's th

so b.p. for a long time has been wanting to get out of this joint venture now ross never would pay for the stake free market mechanism mostly with cash and with its own shares boosting b.p. stake the twelve and a half percent in ross never which would make it the second most important shareholder in gross never and the russian oil giant has always strived to reduce the state's stake in the company so it's in the mutual benefit but we will have to wait until the seventeenth of october to hear any kind of confirmation on the deal being signed because until that day the russian partners in t. and katie have a priority in purchasing b.p. stake in the shares are doing nicely on the news it's up on the minus six the oil price is high almost a dollar today isn't hurting either the ruble looking to go on a high after a bad week with europe is still pretty flat on the green but this hour i'm going is best performer in europe one of the whole percent now of course the e.u. is readying a new risky plan

also anticipated to toy with b.p. of britain the two firms are currently in negotiations over a stake in b.p. really because of rick's planes. there are more twists and turns in this deal than on the moon is made a park ride to really get the full picture when you take a look at who makes up the n.k.v.d. and how we got so this point so the british partners are here the russian side is represented by a our tension between the two has been brewing for years culminated when b.p. decided to venture out on its own and partner up with another or major that was wrong to explore the arctic a are of course would have a none of that so it brought. the decision and the deal in court last year you see the brits were on the legal obligations to go through their mean. for any oil and gas operations in the country so this was the first time b.p. tried to ditch its russian partners but i wouldn't be the last people has always been close to the kremlin and it's all states on draws enough as a very appealing a partner and that's why it

that have been sent all of that b.p. has committed to use the money gets from the sale for mutual projects with of all snuff such as exploring the arctic shelf so at the end of the day no matter who gets the fifty percent stake bottom line is b.p. will. find a way to read you know it and partner up with its new found. rain across the river europe has just swung south as you can see this comes as spain unveils a tough new cost cutting budget but there's still question marks where the country will last for an e.u. bailout that's restricting your against the sell by the time for the gold all round september maybe the rubles biggest game since january the crude price is over ninety two dollars a barrel today that's sending moscow high in the off the noon here and that's all we've got time for use in interviews on the web site. by daniel thank you see you. are just not here our time to get all the geeky and nerdy the latest gadgets and start over developments and technology update in just about. gracefully. it is a way of lif

piece so b.p. for a long time has been wanting to get out of this joint venture now ross never would pay for this stake free market mechanism mostly with cash and with its own shares boosting b.p. stake the twelve and a half percent in gross never which would make it the second most important shareholder in boss now and the russian oil giant has always strived to reduce the state's stake in the company so it's in the mutual benefit but we will have to wait until the seventeenth of october to hear any kind of confirmation on a deal being signed because until that day the russian partners in the have a priority in purchasing b.p.'s stake in the traders didn't news rosena shares closed down here in moscow despite the mostly positive market and the high oil price today is expected to sell six million new i phone five zero in the world by monday sent the tech heavy nasdaq up the dollar has slipped to almost one point three on the euro but after a pretty awful run the ruble has the friday feeling with a

tried to ditch its russian partners but i won't be the last b.p. has always been close to the kremlin and saw enough as a very appealing partner and that's why it's not letting the go that easily so what have they decided to do the brits are now selling their fifty percent stake now a little price tag was twenty five billion dollars wrong has offered fifteen billion dollars which is hardly close but it does come with a twelve and a half percent stake in the company alternately b.p. wants to retain a significant presence in the country you see one that comes to be it has accounted for twenty nine percent of the u.k. group's oil production and has added an average of ten percent to its profits over the last decade so it's a very important part the scorned wife is back with a very appealing proposal you see our has been considering acquiring half of all. but the brits would have none of that as at seventy five percent and twenty five percent that means there would still have to at least in the swiss a are is now said to be considering a cash offer for

welcome to business b.p. rosneft executives have met at the sochi international investment forum to complete their new toy all to correspond admits madrid inka has the details for us. the head of russia's largest oil company rosneft you could say has confirmed today that b.p. is very much interested in boosting its stake in ross net and he says welcomes this initiative very much now this could be done through the sale of b.p. stake in the russian british joint venture t n k b p now this could be an extremely important deal for both companies but notably for b.p. whose expansion progress has somewhat altered over the past couple of years especially given that its previous deal with ross so you would develop the arctic shelf was blocked by the russian partners in peace so the people a long time has been wanting to get out of this joint venture now ross never would pay for the stake free market mechanism notably with cash and with its own shares boosting b.p. stake the twelve and a half percent in gross now whic

s stake in the russian british joint venture t m k b.p. now if b.p. sold its a fifty percent stake then ross would buy it out with cash and shares in its own companies or basically through market mechanisms now this is a extremely important for b.p. as it would be. according to media reports it would become the second most significant investor in those depths off to the government with around twelve and a half percent ownership in the company now for b.p. that's very important because it needs to move on and develop its business in russia which has stalled ever since its a deal with with rosneft in exploring the arctic shelf was blocked by this the russian british joint venture and now also we've had the plenary session address from the president media from the prime minister dmitry medvedev now he has been talking about russia's competitiveness the rights and the he's disappointed that according to recent polls it's at the sixty seventh place stating that basically government institutes are working in efficiently there's very little competition and a

b.p. for any oil and gas operations in the country so this was the first time b.p. tried to do its russian partners but a would be the last b.p. has always been close to the kremlin and it's all states all draws enough as a very appealing a partner and that's why it's not letting that go that easily so what have they decided to do the brits are now selling their fifty percent stake be initial price tag was twenty five billion dollars wrong has offered fifteen billion dollars which is hardly close but it does come with a twelve and a half percent stake in the company bought the score and the wife is back with a very appealing proposal. is now set to be considering a cash offer for the higher stake and this could be or not. the brits cannot refuse and haven't said all of the b.p. has committed to use the money gets from the sale for me projects with the balls and such as exploring the arctic self so at the end of the day no matter who gets the fifty percent stake bottom line is the b.p. will find a way to review noise and partner up with its new found. european curren

cross ownership do with britain's b.p. because. there are more twists and turns in this deal than in the museum of the pork right to really get the full picture when you take a look at who makes up. how we got to this point so the british partners are here the russian side is represented by a tension between the two has been brewing for years culminated when b.p. decided to venture out on its own and partner up with another oil major that was wrong to explore the arctic will of course would have a none of that so the decision and the deal in court last year you see the brits were on the legal obligations to go through their mission b.p. for any oil and gas operations in the country so this was the first time b.p. tried to do its russian partners but i won't be the last he has always been close to the kremlin and saw states on draws enough as a very appealing a partner and that's why it's not letting that go that easily so what have they decided to do the brits are now selling their fifty percent stake now be initial price tag was t

b.p.is close to selling its russian interests daniel joins us now from the business desk with the story and yes russia's or major rosneft is closing in on b.p. the state firms reported to be boring fifteen billion dollars to buy a whole fleet british venture from b.p. president lou putin held a surprise meeting with b.p. and rosneft exacts late tuesday in sochi talks focused on expanding b.p.'s presence in russia with the british eager to keep a lucrative foothold here and check markets because the euro swung into gains after several days of losses the ruble also closed to the single currency new york is reversing several days of choppy trading all the better than expected us sells let's get those up for you as new york later to be on the news but the dow jones slightly higher today almost three dollars call from the prize the sell the production rises that's the russian energy stocks in particular russia second biggest lender v.t. b. has announced plans for a two billion dollars secondary

b.p. the state funds reportedly barring fifteen billion dollars to buy the british french or from b.p. president vladimir putin held a surprise meeting with b.p. rosneft executives late tuesday in sochi talks focused on expanding b.p.'s presence in russia with the british firm still eager to have some lucrative foothold here the euro swung into gains of the recent losses the ruble also close to the single currency as you can see there in new york heading up there after an op and dell week that's better than expected us home sales prices some three dollars this hour on saudi production rises that russian energy stocks in particular as you can see the obvious have a sickly or fall day russia second biggest lender v.t. b. has announced plans for a two billion dollars secondary public offering it follows rivals which successfully privatized another stake this week putin has hailed burbank's profitability. position as. we have finalized the sale seven point five eight percent in spare bank sure

this closing in on b.p.the reportedly in talks to pour a fifteen billion dollars to buy whole of the british venture from b.p. president vladimir putin held a surprise meeting with b.p. executives late on tuesday in sochi. it was focused on expanding b.p.'s presence in russia with the british were eager to keep a presence in this country there's. some resource for europe off the announced an unexpected boost to its asset purchase program on the currencies the euro's losing again to the dollar the russian ruble weakening to both the greenback and euro for a third day russia second biggest linda v t v is losing around three percent this thing plans for two billion dollars a second group public and supermarket joint magnets has set its sights on catching britain's tesco as it sells its first full delivery you. continuing rapid expansion to russian retailer recently over to the french call for as europe's number two groups emerging markets are still growing at rates the west can only dream of yours a retail sale

s sale it is russian interest b.p. may now get not only cash for its stake but also shares in rose enough to keep the peace equally owned by russia's a and the british firm which now wants to sell off the shareholder conflict reportedly buying b.p. stake for up to fifteen billion dollars plus twelve point five percent of its equity so companies briefly admit putin late thursday on the deal also discussing b.p.'s future in russia is talking to banks about raising the funds to finance that deal and that's the latest will be back in just under an hour's time in the far to thank you. on the way russia's prospects on the international aerospace market fall under the spotlight. well into the future science technology innovation all the latest developments from around russia we've got the future covered. flying north with me in this old soviet work or so the helicopter is dr vladimir brodsky and his team from the region's medical aviation service we head across ever more barren tundra higher and higher into russia's arctic fa

neighbors and strangers are pitching in alongside big companies them b.p. oil company says it will donate $1 million through the american red cross and the salvation army in louisiana and mississippi. the company has been heavily involved in cleanup efforts in the area after one of the oil rigs exploded and spilled millions of gallons of oil in the gulf two years ago. >>> people in the philippines are picking up after a 7.6 magnitude earthquake struck yesterday. it struck at 22 miles. 66 miles off the country's eastern coast triggering tsunami warnings. in the end the warnings were cancelled but the earthquake caused damage to some structures and set off small landslides.

sales of its russian interests b.p. may now get not only cause for a stake but also shares in by rules enough to keep the peace equally owned by russia's a british firm which now wants to sell off the shareholder conflict business reportedly by b.p. state for up to fifteen billion dollars plus twelve percent over the two companies preferred to be approved in late thursday on the deal also discussing the peace future in russia is talking to banks about raising the funds to finance the deal and you're up to date with all the news and interviews on the website all right thank you. next up we ask the man who was in charge of israel's missile defense about how serious israeli threats are against iran over the country's nuclear research activities. was it really the very first director of the israeli missile defense organization it's great to have you with us or today israel keeps all its options open when it comes to iran suspect it's to vittie of making a nuclear bomb including war but could israel actually go to war with i

we'll keep you updated and right now let's join katie for business news now and british and the johns b.p. is once again in talks with russia's top oil company rawson if casey is to listen to the energy majors they once again renewed their partnership talk several sniffed is reportedly after buying b.p. . for up to fifteen billion dollars and that equates to twelve point five percent of the equity now the chip companies briefed russian president vladimir putin late on thursday on the day and also discussed b.p.'s expansion plans into russia meanwhile was there to talk with banks out raising the funds to finance the potential deal that let's talk about oil because they are now trading the prices at the lowest level and all the six weeks and that means that energy stocks across the markets are indeed suffering in the session today we've got u.s. stock piles of rising more supply as you can see we've got the prices declining simple mathematical rules that we've also got more markets to look out with check out the russian markets because they are taking a bit of a battering and that is on the

service russian interest b.p. may now get not only cash but also shares in buy rolls enough to keep the peace equally owned by russia's a and the british firm which now wants to sell off the shareholder to conflict that's reportedly buying p.-p. stake for up to fifteen billion dollars plus twelve and a half percent of its equity the company's brief limit puts in late thursday on the deal also discussing b.p.'s future in russia so we can talk to the banks about raising funds to finance the deal that's the latest stories for you in just under an hour's time all right thanks daniel next we are some.

b.p. is raising more money to help pay for the costs of its deep-water oil spill in the gulf of mexico two years ago. it has a deal to sell several of its offshore oil fields in the gulf to a company previously focused on natural gas. b.p. gets almost $5.6 billion for the deep-water fields. b.p. shares barely budged, rising just 0.3%. this deal is part of $38 billion in asset sales the company has planned to raise money to pay for the gulf oil spill clean-up and damages. the buyer is plains exploration and production, a company that had been concentrating on natural gas. and this is a huge deal for it. the $5.55 billion price tag is bigger than the market capitalization of plains exploration, and its paid for mostly with borrowed money. the deal will double the company's payroll. current shareholders paid heavily for the acquisition. shares dropped 10.5%. four years after taxpayers rescued a.i.g., the government will soon be a minority shareholder. the treasury department will sell $18 bil

president vladimir putin held a surprise meeting with b.p. executives late tuesday in sochi it was focused on expanding b.p.'s presence in russia with the british eager to keep a presence in this country let's check markets because europe's edging up of the japan announced an unexpected boost to its acid purchase program on the cards is the euro's losing to the dollar again the russian ruble is weakening to both currencies for a third day but growth growth of the week over in new york off the unexpectedly good us home sales has the figures in the opening few twenty twenty five minutes we are in now and the main loser on the my six this sell is russia's top climate gas producer and nova take it out on growing fears the government here will hike taxes on the industry and the u. energy commission is going to sing and says he hopes for a quick resolution of a continuing gas price round with russia but energy expert constantine siminoff says for that to happen europe should lower its demands. now i guess pro must find the answer there is only one

sell of his russian interest b.p. may now get not only trust for its stake but also shares in boy rules in effect to case equally owned by russia's and british b.p. which was to sell off the shareholder conflict was misreported lead by b.p. state for up to fifteen billion dollars plus twelve and a half percent of rules and equity two companies briefly recruits in late on the deal now also discuss the peace future in russia anymore rules north is talking to on how to finance the oil today we'll have more stories for you next hour yeah thanks to you for two and next we asked the man in charge of israel's missile defense about how serious israeli threats against iran over that country's nuclear research activities is coming up. the band thing.

s presence in russia and the some of b.p. says it would start selling fifty percent stake in russian. pay now one month later confirmed it is in talks to buy hall of the company and on the topic we're talking about right here is gas probably because the rumble with three rushes gas from the european commission it does indeed continue now i'll teach you mention member danko he talked to constantine seaman all from russia's national energy security fund and he says that can be no winners in a conflict where both partners are vital to one another. most broom was formed a month so there is only worm. the truth. and signed serious conflicts with china and other asian consumers is a ready to do that i don't think it is china is ready to do it the question of course is price that is why i said that there will be fools us of course it's a problem for russia it will be impossible to fly and. seem comfortable consumers you chinese not going to put the same amount of money as you can when it comes to china i think china right now is sta

president vladimir putin told a surprise meeting with b.p. of rules and execs late tuesday in sochi talks focused on expanding b.p.'s presence in russia with the british firm eager to keep its lucrative foothold. that checkmark is europe's edging up heineken shares are bubbling as it moves to buy asia's toy a good deal the euro has just gone up on the dollar at this point in the upcoming earning season in europe will disappoint the rubles dropping to the dollar by the flood day over in new york despite unexpectedly good us home sales and national inflation has already hit five percent this year shows new data that's bad for russia's economy that's how moscow closed forty minutes ago and fixed mortgage john mccain has set its sights on catching britain's tesco as it sells its first bonded over a year deal from continuing rapid expansion to russian retailer recently overtook french call for as europe's number two grocer is now only behind the british giant he would you move to still growing at rates the west only dreams of eurozone retail sales

and rosneft execs late tuesday in sochi areas their talks focused on expanding b.p.'s presence in russia with the british firm still eager to have a lucrative foothold here the euro swung into gains after several days of losses you see there the ruble also closed to the single currency today new york looking up the offer of choppy week that's on better than expected us both of the and i think slightly in the black oil prices some four dollars today of saudi production rises that russian energy stocks in particular russia second biggest lender b.c.b. has announced plans for a two billion dollars secondary public offering it follows rivals which says fully privatized another stake this week president putin has held the company's profitability. position as. we have finalized the sale so seven point five eight percent in spare bank sure over five point two billion dollars it's one of the most profitable returns in recent times after companies like apple every one hundred dollars invested in spare banker decade ago group the main shareholder the central bank three thousand

b.p.e value more on that and the political day's news when "studio b" returns live from the democratic national convention here in charlotte, north or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. >>shepard: iran is reportedly using iraqi air face to fuel the slaughter in the syrian civil war. according to the reporting of "new york times" newspaper, iran is shipping military equipment to the syrian military in what is a new push to keep the president there, bashar al-assad, in power. the report suggests that the white house has limited influence on iraq despite the u.s. role in taking down saddam hussein and forming a new government there. activists groups report that th

competent geologists of told me that enormous resources there that are on top b.p. and. the exxon mobil and so are simply sitting on these until the opportunity is right but to do that they'd have to have a far higher oil price and of course chaos in the middle east serves that purpose so i don't think it's as simple as that i think there are a multiplicity of things going on but as henry kissinger said in a recent interview what is going on is not a fight for democracy and human rights inside syria it's a war of within religion within islam between sunni but not only sunni the walk by salafi branch of sunni the dominate saudi arabia not the version of sunni that is endemic in turkey since the time of ataturk which is a very secular non-state involved until the early one government so if you have a war a sunni versus shia within islam you have the potential to blow up the ruston or a refineries in saudi arabia where all the workers all the skilled workers in the refineries are shia muslim and not sunni only the saudi royal family and a minority and saudi or not a minorit

says the state company is in negotiations to borrow fifteen billion dollars for the deal in the summer b.p. said it itself has fifty percent stake in the troubled british venture because of a shareholder conflict one month later rosneft confirmed it's in talks to buy the company president vladimir putin held a surprise meeting with b.p. and the executives you can see there late tuesday took place in sochi was focused on expanding presence in russia. markets because some resource firms are propping up europe after japan announced in unexpected boost to its purchase program on the currencies the euro is losing again to the dollar the russian ruble weakening to both the greenback and euro for a day bad news for procedure on the ruble because then the v t b is losing around four percent this hour after it announced plans for a two billion dollars secondary public offering on the road between russia's gazprom and the european commission continues e.u. energy commissioner going to says he hopes for a quick and harmless resolution of. the constants in cement off from russia's national energy secu