Suppose Temasek owned that oil rig ? What would happen to us ?

[head-in-sand]

Latest news says that BP is facing 221 lawsuits and thousands of civil class action suits that could cost the company up to 50 billion US dollars in liability and compensation payouts.

The company has already spent 2 billion dollars in trying to cap the blow out well without success. The liabilities are mounting every day in hundreds of millions.

BP is a massive giant oil company. Even it with all its world wide resources cannot control and manage the disaster.

If this rig was owned by Temasek , one can imagine the terrible consequences it will have on all of us. Temasek does not have that kind of resources to call upon like BP can, when such disaster occurs.

Because, no matter what, the buck will be passed on to Singaporeans who played no part. The suffering will last a generation and no one can question the pain inflicted.

Goes to show, why secrecy is not good for this Temasek.

God only knows what kind of investments this Temasek makes and where and if something happens, who will carry the unlimited liabilities that follows.

Think about it.

The PAP has a reputation in passing the buck onto the people.

 

[manokie]

I think BP should go bankrupt. What gives them to bright to dig for oil at every country just because they own some technology to do it?

If a Briton got a big cock that can drill women for hours, does that qualify him to fuck another person's wife?

 

[Angelo]

LOL keleng scum, come and think about it,

What can you do, if they decide to drill your smelly ass instead, hahahahahhaa.

 

[cocobobo]

Latest news says that BP is facing 221 lawsuits and thousands of civil class action suits that could cost the company up to 50 billion US dollars in liability and compensation payouts.

The company has already spent 2 billion dollars in trying to cap the blow out well without success. The liabilities are mounting every day in hundreds of millions.

BP is a massive giant oil company. Even it with all its world wide resources cannot control and manage the disaster.

If this rig was owned by Temasek , one can imagine the terrible consequences it will have on all of us. Temasek does not have that kind of resources to call upon like BP can, when such disaster occurs.

Because, no matter what, the buck will be passed on to Singaporeans who played no part. The suffering will last a generation and no one can question the pain inflicted.

Goes to show, why secrecy is not good for this Temasek.

God only knows what kind of investments this Temasek makes and where and if something happens, who will carry the unlimited liabilities that follows.

Think about it.

The PAP has a reputation in passing the buck onto the people.

knowing temasek track record, it could very well be involved

 

[ruffles]

Btw GIC had 200.4 million shares in BP.

Lost about S$1.2 billion after the spill in late April

 

[scroobal]

Temasek is fully owned by the Minister of Finance and therefore fully owned by Singapore. Temasek is the legal proxy for Singapore to facilitate its stated business activities.Temasek does not engage directly in business but takes stakes in companies. It is much much bigger than BP.

It has lost more money than BP. A series of poor decisions headed by the same person has not helped Temasek and the country. There is a clear conflict of interest that the PM wife runs the show and seems immune from accountability for poor decisions. The dividends from Temasek which are regular in the past and legislated by law was amended by Parliament about a year ago. There was also significant cash injection from the state coffers about 2 years ago.

I am writing this because like most Singapore, you do not seem to be aware how all this works but you know something is not right. For some reason you think that BP is bigger than Temasek. Temasek is essentially Singapore.

If this rig was owned by Temasek , one can imagine the terrible consequences it will have on all of us. Temasek does not have that kind of resources to call upon like BP can, when such disaster occurs.

Because, no matter what, the buck will be passed on to Singaporeans who played no part. The suffering will last a generation and no one can question the pain inflicted.


Think about it.