BP spends millions lobbying as it drills ever deeper and the environment pays
While the explosion of BP/Transocean's Deepwater Horizon drilling rig was a horrific event, it was neither surprising nor unexpected.
BP is one of the most powerful corporations operating in the United States. Its 2009 revenues of $239bn are enough to rank BP as the third-largest corporation in the country. It spends aggressively to influence US policy and regulatory oversight.
In 2009, the company spent nearly $16m on lobbying the federal government, ranking it among the 20 highest spenders that year, and shattering its own previous record of $10.4m set in 2008. In 2008, it also spent more than $530,000 on federal elections, placing it among the oil industry's top 10 political spenders.
So, same old same old.
Is that tea keeping any of our Tea Party friends awake?