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LONDON — Spewing oil and alienating Americans with its chief executive’s impolitic remarks, BP may be Public Enemy No. 1 in the United States. But in Britain, where the company is a mainstay of the stock market and a favorite of pension funds, investors and politicians are becoming increasingly angry at the blistering attacks from across the Atlantic.
“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,” Mr. Johnson told BBC radio’s Today program.
BP is the third largest oil company in the world, after ExxonMobil and Royal Dutch Shell, with 80,000 employees worldwide as of last December, sales of $239 billion in 2009 and a market value — even after the recent losses — of more than $100 billion. At a time when Britain is desperate to reduce its deficit, BP is a huge contributor to British tax revenue, paying nearly $1.4 billion in taxes on its profits last year.
Originally posted by Retseh
It really doesn't take much for the Brits to get angry at us does it, what a reactionary bunch.
Originally posted by HunkaHunka
The thing is...
1. They are upset because BP is not just a British company it is multinational
2. They are upset because BP is a bastion of British pensions...
Sounds to me like the Brits put all their eggs in one basket if they can't deal with American outrage at a multinational company that supposedly has nothing to do wit Britain...
So which is is guy? Does BP form a foundation for the british economy or doesn't it? You can't have it both ways.... Either it's British, or it's not... Anod if its not then what do you care if they are attacked in the press? Oh I know why... Because you are losing money...
Wel tell it to a gulf coast resident... Until then STFU!!!!
Are the British really that petulant and childish? I haven't heard anyone over here saying anything bad about the British because of this scandal, we are focusing our anger on a multi-national company that just happens to be British in origin. It really doesn't take much for the Brits to get angry at us does it, what a reactionary bunch.