Tuesday, 15 June 2010


I'm hearing a lot about the drama surrounding BP at the moment; how their market value is dropping like a stone and their dividends are getting swept away.

Quite frankly, I don't care.

I cannot understand the obsession in the British media and amongst some of the British political class with defending Britain from what they deem to be obsessive attacks from America. Criticising BP is not anti-British. It's anti-planet destroying corporations. That corporation just happens to be based in the UK.

The people who are saying that Obama's attacks are risking British pensions are, quite frankly, idiots. Would these same people tell off a rape victim because several people happened to have money invested in the rapist?

It is the fault of the pension companies who invested such a massive amount of cash into a single company. If BP collapsed in Enron like circumstances would people be arguing about pensions then? No.

It's an effort to protect arguably one of the biggest British businesses from being regulated and punished by the Obama administration. BP deserves everything it gets. On average, the five other major oil companies average about 5-7 safety violations a year. BP has clocked up over 700. They are in a league of their own. They are environmental criminals and the people in charge deserve to be in prison.

Safety violation after safety violation. Environmental disaster after environmental disaster. And we keep letting them off because they pay a lot of tax. They are the modern East India Trading Company; a modern monolith that thinks it is too big to be stopped.

Pride goeth before a fall. And hopefully BP will fall hard.

- Posted using BlogPress from my iPhone/iPad

Location:Alwyn Ave,Hounslow,United Kingdom

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