BP accused of 'showing two faces' on climage change
Date: 13 Jun 2005
BP has been attacked by environmental groups for allegedly privately lobbying in Washington to block legislation to introduce a mandatory curb on greenhouse gases in the US.
The claims come just two days after BP joined a group of 12 companies urging the UK Prime Minister Tony Blair to back an initiative to reduce emissions.
Senator Jeff Bingaman has said that BP did not support his proposal in the US energy bill for compulsory limits on CO2 emissions. The company has said that it supports a different proposal from Republican Chuck Hagel focusing on the use of tax incentives to encourage emissions reductions.
The company said it did not believe that some of the other proposals would achieve the goal of reducing global warming.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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