Britannia oils the waves



When Barack Obama referred to a major UK-based criminal organisation by its former name, British Petroleum, a storm of outrage followed in the UK's corporate press and in the statements of Britain's Liberal and Conservative politicians. They strenuously denied the US President's outrageous implication that BP, the destroyer of lives, livelihoods and the environment, is a British company; while at the same time they insisted that the British government must bravely stand up for BP, Britain's most lucrative company in terms of shareholder dividends and the lifeline of the UK's pension funds.

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