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BP Supplies 80% Of Fuel To US Forces-Another Reason WHY They Will NEVER Be Prosecuted!

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:32 PM
Original message
BP Supplies 80% Of Fuel To US Forces-Another Reason WHY They Will NEVER Be Prosecuted!
Edited on Fri May-28-10 02:44 PM by kpete
Jeanne Pascal was the debarment counsel at the EPA’s Seattle office who spent more than a decade working on issues related to environmental crimes BP had been convicted of.

............................

She said the power the company wields might be due, in large part, to the fact that BP supplies the military with 80 percent of its fuel needs. Because of that, she had to proceed with caution. BP pled guilty to a felony in connection with a March 2005 explosion at BP's Texas City refinery, which claimed the lives of 15 employees and injured 170 others; BP pled guilty to a criminal misdemeanor for two oil spills in Alaska in March and August 2006 due to a severely corroded pipelines on which BP failed to perform maintenance; and, BP entered a deferred prosecution agreement related to price fixing scheme involving propane trading.

"If I had debarred BP while they were supplying 80 percent of the fuel to US forces it would have been almost certain that the Defense Department would have been forced to get an exception," Pascal said. "There's a provision in the debarment regulations that says in a time of war or extreme need exceptions can be granted to debarment so that federal agencies with critical needs can continue doing business with debarred contractors. I was in a quandary. If I moved forward with debarment we would have had a major federal contractor doing business with the federal government with no governmental oversight or audit provisions. I felt oversight terms and conditions were critical with BP, so I pursued settlement of the matter in the hopes of getting oversight and audit terms."

...........................

http://www.truthout.org/ex-epa-officials-why-isnt-bp-under-criminal-investigation59936
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:34 PM
Response to Original message
1. It would not be in BP's interest to yank 80% of their business, especially
Edited on Fri May-28-10 02:34 PM by Subdivisions
if they want to continue drilling in the Gulf.
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:57 PM
Response to Reply #1
9. I agree. Regardless of whether we bring charges, they'll gladly take
our money. It's a business.
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Catherina Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:35 PM
Response to Original message
2. Been telling people this for over a month
This is exactly why BP can run roughshod all over our government and citizens alike. They could bring the entire war machine to a halt if we piss them off and our government won't have that. War is big business.
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golddigger Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:41 PM
Response to Reply #2
3. Yep, BP is our daddy!
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:43 PM
Response to Reply #2
4. They could bring our wars to a halt?
Now what would encourage the dear fellows to do that?
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joeybee12 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:43 PM
Response to Original message
5. Yup, they own us...and no one seems to be in any hurry to try and change that...n/t
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flamingdem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:43 PM
Response to Original message
6. Maybe Chavez could take up the slack!
:rofl:
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Dont TS Me Brah Donating Member (129 posts) Send PM | Profile | Ignore Fri May-28-10 02:44 PM
Response to Original message
7. irrelevant.
The administration will do the right thing. Have faith!!! :D
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earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:48 PM
Response to Original message
8. Aha-the REAL reason Obama has done little to control this situation!!!
Edited on Fri May-28-10 02:49 PM by earth mom
But let's post a thread where we can cry and feel sorry for him! :eyes:

Spare me.


p.s. And if anyone can't connect the dots here, I feel sorry for YOU!
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 02:58 PM
Response to Original message
10. So in a sense, BP has not only endangered the Gulf, but endangered our National Security
Edited on Fri May-28-10 02:58 PM by truedelphi
In a just and fair world, they would be held accountable for treason.

Do you know how the Army treats people who degrade their equipment with graffiti? These rat bastards have offed our eco-system, our economy, and our ability to be secure as a nation.

But they won't be charged with anything, as no problem will be seen as emanating from them. I won't even be stunned to find out that the entire collapse and explosion at the oil rig ends up being blamed on the eleven men who died.
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 03:11 PM
Response to Original message
11. Expropriate without compensation
k&r
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 03:26 PM
Response to Original message
12. kpete, you are simply outstanding. Today, and every day! K & R.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 04:59 PM
Response to Reply #12
13. i second that. Very impressive how you keep digging up all this info.
:applause: :applause:
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GeorgeGist Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 05:14 PM
Response to Original message
14. Insane that British Petroleum [BP] has a stranglehold on 80% ...
of military fuel supply.
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 10:22 PM
Response to Original message
15. kick
:kick:
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laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 10:32 PM
Response to Original message
16. Well, that explains a lot. nt
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moondust Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-28-10 11:32 PM
Response to Original message
17. ouch.
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Kablooie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-29-10 12:57 AM
Response to Original message
18. Another reason to get out of Afghanistan immediately!
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-29-10 01:18 AM
Response to Original message
19. Military is the largest user of oil --
End wars -- save oil --
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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-29-10 07:44 AM
Response to Original message
20. Who owns BP? (JP Morgan Chase the largest US shareholder - see below)
First they sink the rest of the economy then this.


Major shareholders
Register of members holding BP ordinary shares as at 31 December 2009
Range of holdings Number of shareholders Percentage of total shareholders Percentage of total share capital
1 - 200 57,927 18.43 0.02
201 - 1,000 116,624 37.11 0.30
1,001 - 10,000 126,034 40.10 1.83
10,001 - 100,000 11,867 3.77 1.17
100,001 - 1,000,000 1,065 0.34 1.85
Over 1,000,000a 777 0.25 94.83
314,294
100.00 100.00
aIncludes JP Morgan Chase Bank, holding 27.74% of the total ordinary issued share capital (excluding shares held in treasury) as the approved depositary for ADSs, a breakdown of which is shown in the table below.
Register of holders of American depositary shares as at 31 December 2009a
Range of holdings Number of ADS holders Percentage of total ADS holders Percentage of total ADSs
1 - 200 72,272 54.22 0.48
201 - 1,000 37,695 28.28 2.08
1,001 - 10,000 21,893 16.42 6.80
10,001 - 100,000 1,417 1.06 2.81
100,001 - 1,000,000 22 0.02 0.43
Over 1,000,000b 1 0.00 87.40
133,300 100.00 100.00
aOne ADS represents six 25 cent ordinary shares.
bOne of the holders of ADSs represents some 698,373 underlying shareholders.

As at 31 December 2009, there were also 1,660 preference shareholders.
Substantial shareholdings
The disclosure of certain major interests in the share capital of the company is governed by the Disclosure and Transparency Rules (DTR) made by the UK Financial Services Authority. Under DTR 5, we have received notification that BlackRock, Inc. holds 5.93% of the voting rights of the issued share capital of the company; and Legal and General Group Plc holds 4.18% of the voting rights of the issued share capital of the company.

Group of men walking with briefcases
Shareholder services
Key information and downloads for BP shareholders
Ordinary shareholders
American Depositary shareholders
Related links
Annual General Meeting
Details of the BP Annual General Meeting, 15 April 2010
Detailed share price history
Track our latest share price or download historic share prices
Shares in issue
Quarterly, quarter to date and historical share buyback figures

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