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Originally posted by Rockpuck
reply to post by HunkaHunka
I've seen a few people confused on what it means when a corporation is "American" "German" "British" etc. BP is a British corporation because it's Charter is filed in Great Britain. Thus is "World Headquarters" being in Britain, Britain is the country that taxes it.
Any portion of BP outside of Britain is simply called an "Asset" .. it's US Operations (well technically North American since its rig was in international waters) is considered American Assets.
39% of private owners of shares are American. 40% are British.
% of private ownership has absolutely nothing to do with what country the corporation belongs to .. it could be 90% American and still be British because it's Charter is filed in Britain.
It's not a Multinational Corporation. It's a British corporation.
Originally posted by Chris McGee
Actually what a lot of us are pissed off about is your lawmakers and your president who should know better calling the company 'British Petroleum' when it hasn't been called that for more than a decade.
The company merged with a US oil company and became BP Amoco then BP Plc. 39% American owenership with 40% British ownership. The issue is more that people who should know better are trying to deflect this issue onto people who had nothing to do with the disaster.
You have every sympathy of the British people. No-one deserves this and we would never wish this upon our american brethren yet your politicians trying to deflect this issue onto a British company rather than their lax regulation of the energy industry is what grates.
Acoustic switches are required in virtually every country except the US due to the inordinate influence the energy lobby has over US government policy.
Yes, BP are a bunch of money hungry bastards with no care for their actions as long as they turn a profit. The folks who were supposed to be looking out for the people ahead of those profit hungry instincts have no such excuse.
And to be honest, the Americans are thus far admirably restrained about the whole thing. If a company called Texan Gloop belched a carpet of black gunk over Norfolk, we'd be surrounding the US embassy and burning sarcastic effigies of Boss Hogg within minutes. And that's just Norfolk: flat earth and windmills. Having vandalised Louisiana and laminated thousands of pelicans, the BP spill now threatens to disfigure the Miami coastline, corrupting its relentlessly cheery blue-and-yellow colour scheme with a sea of rainbow black. Congratulations, people of Britain. Even though, strictly speaking, it isn't your fault.
Originally posted by DreamerOracle
Frankly I don't care if they lose all their money and their pensions.