Should 0bama have sanctioned BP for its extensive business partnerships with Iran?
http://www.newsmax.com/KenTimmerman/BP-Iran-sanctions-spill/2010/06/22/id/362755
Iran’s joint ventures with BP and a host of other international oil firms now should be included in new Iran sanctions legislation, says Mark Dubowitz, executive director of the foundation.
“If Washington doesn’t close this loophole, Iran could soon be a partner in energy projects off our own shores,” he was quoted as saying in Time magazine last week.
But the legislation that finally cleared a House-Senate conference committee on Monday said nothing about joint ventures.
BP doesn’t trumpet its ongoing business with Iran in its statutory reporting to the U.S. Securities and Exchange Commission.
“BP has interests in, and is the operator of, two fields and a pipeline located outside Iran in which the National Iranian Oil Company and an affiliated entity have interest,” the company stated.
The Obama White House could sanction BP for its investments in Iran’s oil and gas sector today under existing legislation, if it decided to do so.
The law allows the president to ban companies that have invested more than $20 million in Iranian energy projects from doing business with the U.S. government or buying U.S. technology. But so far, no president has applied those sanctions.
BP clearly is watching to see what Congress will do.
In its SEC filings, BP revealed that it “restructured” its interest in the joint ventures with Iran and is maintaining its involvement in these projects “through certain contractual arrangements, which it keeps under review in light of pending legislative developments in the US.”
That language may strike many U.S. legislators as cynical and could backfire as badly as BP Chairman Carl-Henric Svanberg’s comment last week that the company cared about the “small people” the Gulf of Mexico oil spill hurt.
He should, but he will not. BP also helped him with his engineered oil spill to pass his cap and trade tax
And give up all those funds he got for his campaign? Not a chance!
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Only small businesses pay penalties if they violate US laws, big corporations can violate US laws. CocaCola, BMW, Mercedes Benz, and the corresponding big Banks behind them, etc… etc… etc….trade with countries like Iran, Cuba etc… and have preferences over any individual or small business, a power law
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He should, but he will not. BP also helped him with his engineered oil spill to pass his cap and trade tax
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No! But Mexico should get 20 Billion dollars because they also share the Gulf of Mexico. And it’s going to impact their fish tacos.
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0bama’s in bed with big oil and Iran. The silence by the liberals about this is "deafening."
"I don’t know why the question isn’t asked by the mainstream media and by others if there’s any connection with the contributions made to president Obama and his administration and the support by the oil companies to the administration," she told Fox News Sunday.
More than 3.5 million dollars has been given to candidates by BP over the last 20 years, with the largest single donation, 77,051 dollars, going to Obama, according to the Center for Responsive Politics.
Palin suggested this close relationship explained why Obama was, "taking so doggone long to get in there, to dive in there, and grasp the complexity and the potential tragedy that we are seeing here in the Gulf of Mexico."
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http://primebuzz.kcstar.com/?q=node/22425
He should but he won’t, it’s all in his family.
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