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Florida’s pension fund’s BP holdings down $67 million

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Florida’s pension fund, the fourth-largest in the nation, has seen the value of its BP investments plunge more than $67 million since the April 20 explosion of the Deepwater Horizon rig, but the paper loss is still too small to seriously threaten the fund’s $112.4 billion bottom line, managers said today. The Florida Retirement System’s investment in BP stocks and bonds was worth $169.4 million last week, down $67.1 million since the accident that killed 11 workers and unleashed the…

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State Rep. Darryl Rouson to meet with President Obama in Panhandle

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State Rep. Darryl Rouson, D-St. Petersburg, will travel Tuesday to the Florida Panhandle to meet with President Barack Obama and state leaders to discuss the Deepwater Horizon oil spill’s impact. Rep. Rouson looks forward to addressing the critical issues associated with the oil spill. “After inquiry and invitation, I am pleased to attend this event with the President and the Governor. We need to acknowledge the crisis the State of Florida is now facing and solve the problems caused by…

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Panel on Gulf oil spill to meet tonight in St. Petersburg

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From Mitch Perry: Tonight in St. Petersburg there will be a major discussion on the Deepwater Horizon gulf spill at The Palladium Theatre from 6 p.m. to 9 p.m., sponsored in part by Repower America and Clean Energy Works. The event will be broken into three one hour discussions.  From 6 p.m. to 7 p.m. the discussion is entitled “About the Spill,” and will feature Bill Hogarth, the Dean of the USF College of Marine Sciences, D.T. Minich from Visit…

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Carl Hiaasen: Now you don’t trust BP, but it’s too late

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From Carl Hiaasen: Every time a BP executive appears on television, I think of the garage scene from the movie Animal House. An expensive car belonging to Flounder’s brother has just been trashed on a drunken road trip, and the smooth-talking Otter comforts the distraught Delta pledge with these cheery words: “You f—– up! You trusted us! Hey, make the best of it.” If only the BP guys were half as honest. Incredibly, almost eight weeks after the Deepwater Horizon oil…

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Carl Hiaasen: Now you don’t trust BP, but it’s too late

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From Carl Hiaasen: Every time a BP executive appears on television, I think of the garage scene from the movie Animal House. An expensive car belonging to Flounder’s brother has just been trashed on a drunken road trip, and the smooth-talking Otter comforts the distraught Delta pledge with these cheery words: “You f—– up! You trusted us! Hey, make the best of it.” If only the BP guys were half as honest. Incredibly, almost eight weeks after the Deepwater Horizon oil…

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Miami Herald: Protect Florida, hold BP accountable

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A must-read editorial from the Miami Herald: All hands on deck! The opening of a local command post last week for the Gulf of Mexico oil disaster is a regrettable sign that the massive spill from the Deepwater Horizon explosion is on a collision course with Florida. The state’s magnificent beaches, sensitive reefs, fragile wetlands and protected estuaries are in peril. This scenario is deeply frustrating for Floridians. For years, despite unrelenting pressure from the oil and gas lobby, residents…

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CBS: BP rig piece washes up on Florida beach?

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From CBS News: A piece of wreckage that appears to be from deep-sea rig that exploded in April in the Gulf of Mexico has washed up on a beach in Florida about 190 miles from the site of the disaster, officials said Saturday. Bay County Sheriff Deputy Ray Maulbeck was working beach patrol Saturday morning when he came upon the stainless steel tank that had some oil oozing from it, along with barnacles and sea growth attached to it. The…

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