Funny, that’s exactly the question being asked around here!
There’s an echo!
Expropriation!
Yeah, that was the first thing to pop into my pointy head when he said he was going to “direct” BP to set up a fund, not within its control.
I have the US Constitution & Amendments on my Kindle. I’d laugh if Hayward does, too, so when the Kenyan makes his demand, Hayward can produce it and say, “Sure Mr. President. You’re a world-famous Constitutional scholar, so this is a no-brainer. Just point to where it says in here you can make me.”
Obama and BP are so in bed, they don’t mind being thrown under the bus.
The ends justify the means...
BP was a founding member of the U.S. Climate Action Partnership (USCAP), a lobby dedicated to passing a cap-and-trade bill. As the nation’s largest producer of natural gas, BP saw many ways to profit from climate legislation, notably by persuading Congress to provide subsidies to coal-fired power plants that switched to gas.
BP signed off on Kerry’s Senate climate bill...
BP has lobbied for and profited from subsidies for biofuels and solar energy...
The U.S. Export-Import Bank, a federal agency, is currently financing a BP solar energy project in Argentina.
Ex-Im has also put up taxpayer cash to finance construction of the 1,094-mile Baku-Tbilisi-Ceyhan pipeline carrying oil from the Caspian Sea to Ceyhan, Turkey—again, profiting BP.
Lobbying records also show BP lobbying on Obama’s stimulus bill