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THE "anti-British rhetoric" levelled at BP in the wake of the Louisiana oil spill was becoming a matter of "national concern", London Mayor Boris Johnson warned today.
He said the company was paying "a very,very heavy price" for what had been an accident, and pointed out that UK pension funds had a "huge exposure" to BP.
"When you consider the huge exposure of British pension funds to BP it starts to become a matter of national concern if a great British company is being continually beaten up on the airwaves.
According to the Center for Responsive Politics, BP is the United States' hundredth largest donor to political campaigns, having contributed more than US$5 million since 1990, 72% and 28% of which went to Republican and Democratic recipients, respectively. BP has lobbied to gain exemptions from U.S. corporate law reforms. Additionally, BP paid the Podesta Group, a Washington, D.C.-based lobbying firm, $160,000 in the first half of 2007 to manage its congressional and government relations.
In February 2002 BP's chief executive, Lord Browne of Madingley, renounced the practice of corporate campaign contributions, noting: "That's why we've decided, as a global policy, that from now on we will make no political contributions from corporate funds anywhere in the world."
Despite this, in 2009 BP used nearly US$16 million to lobby US Congress, breaking the company's previous record (from 2008) of US$10.4 million.
Originally posted by Danbones
they are calling this an extinction level event
exept the PTB plan to use it to further their agenda
they paln to be the only ones left stamding to avoid liability
and they ARE THAT LOW
it will take about 18 months for the oil to toxify all the oceans
the oil pressure will equalize
the water will fill the void
it is TWICE the temperature it takes to boil water down there
the steam pressure is likely to blow like a pressure cooker
the tsunami will blow crap
all over the southern US
thats not counting hurricanes
the NUKE option which fix or fail is EXTREME
starvation do to the death of food chains
etc etc etc
[edit on 11-6-2010 by Danbones]
Originally posted by apacheman
Too freaking bad, perhaps the investors should have paid more attention to what their money was doing. They were certainly happy enough to accept the dividends, now they also have to accept the responsibility.