Google, Bing and Yahoo are profiting from the BP oil spill as the besieged company fights to polish its oil stained image. Type “oil spill” in those search engines and BP appears at the top of the page. BP is distributing its oil wealth to search engines as the company's stock price goes through the floor, threatening its future although it has billions stashed away. BP is also taking heat from U.S. politicians who are criticizing the company for paying huge stock dividends while companies displaced by the disaster wait for damage claims. Meanwhile, the oil spill within the Gulf of Mexico 2010 added up to as much as 125 million gallons and counting on day 52 of the disaster.
Resource for this article: BP buys top oil spill search listings as BP stock price plummets
BP's fabricated oil spill search
BP is hoping web users won't notice the company's search ranking is bought and paid for. USA Today reports that Google, Bing and Yahoo are accepting money from BP to help the business spin and withhold information about the oil spill in the Gulf of Mexico with top rankings for searches such as the words "BP news," oil spill" and "oil spill claims". The sponsored links take you to a special BP Web page featuring the news updates, photos and videos telling a story about the oil spill disaster and cleanup that BP wants people to hear. What’s missing from the BP site is the oil spill live feed that shows a raging gusher of crude overwhelming the oil spill cap.
BP's oil-stained stock price
BP's search engine oil spill spin has been little help to its stock price. In London trading, U.S. political pressure on BP for its failure to contain the oil spill disaster drove BP stock to its lowest price in seven years. BP stock is widely held by British pension funds and investors you will find angered over the insistence of U.S. lawmakers that BP suspend dividends until the oil spill is cleaned up. The Associated Press reports that when asked if BP should cut its dividends to shareholders House Speaker Nancy Pelosi said, “I think it’s appropriate for BP to be paying businesses in the Gulf. … They have a responsibility under the law to pay these damages. They made $17 billion last year. Maybe individuals who receive dividends have deeper pockets."House Speaker Nancy Pelosi told the Associated Press that BP should take responsibility under the law to pay damages before paying dividends to individuals with deep pockets.
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CNNMoney.com
usatoday.com
google.com/hostednews/ap/article
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