BP’s Ownership Stake in Congress

In the statistics set forth below, published by Public Citizen today,you can easily see why Congress never provided oversight on BP, and why the giant British company, ensconsed in the protective arms of  friendly Washington politicians, has nothing to worry about.

  • $20 billion: Size of fund BP has agreed to create to pay for claims associated with the Gulf oil disaster.
  • $239 billion: BP’s sales and other operating revenue in 2009.
  • $9 million – $14.5 million: The value of stock in oil and gas companies held by members of the House of Representatives and Senate who are charged with oil and gas oversight.

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