BP: Billionaire Polluter

BP: Billionaire Polluter offers an extremely brief overview of BP's history and historical arrogance that's worth reading in greater depth.

Sixty years ago, BP was called the Anglo-Iranian Oil Co. (AIOC). A popular, progressive, elected Iranian government had asked the AIOC, a largely British-owned monopoly, to share more of its profits from Iranian oil with the people of Iran. The AIOC refused, so Iran nationalized its oil industry. That didn’t sit well with the U.S., so the CIA organized a coup d’état against Prime Minister Mohammed Mossadegh. After he was deposed, the AIOC, renamed British Petroleum, got a large part of its monopoly back, and the Iranians got the brutal Shah of Iran imposed upon them, planting the seeds of the 1979 Iranian revolution, the subsequent hostage crisis and the political turmoil that besets Iran to this day.

In 2000, British Petroleum rebranded itself as BP, adopting a flowery green-and-yellow logo, and began besieging the U.S. public with an advertising campaign claiming it was moving “beyond petroleum.” BP’s aggressive growth, outrageous profit and track record of petroleum-related disasters paint a much different picture, however. In 2005, BP’s Texas City refinery exploded, killing 15 people and injuring 170. In 2006, a BP pipeline in Alaska leaked 200,000 gallons of crude oil, causing what the Environmental Protection Agency calls “the largest spill that ever occurred on the [Alaskan] North Slope.” BP was fined $60 million for the two disasters. Then, in 2009, the Occupational Safety and Health Administration (OSHA) fined BP an additional $87 million for the refinery blast. Secretary of Labor Hilda Solis said: “BP has allowed hundreds of potential hazards to continue unabated. ... Workplace safety is more than a slogan. It’s the law.” BP responded by formally contesting all of OSHA’s charges.



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