BP owns 25% of Alaska Tanker Company.
25% is probably the maximum amount allowed, but BP runs the company. That's why I called it a straw company. It was set up to skirt the law. BP had designs on ARCO Marine for years, prior to the take over of ARCO. They were trying to convince ARCO to form a sort of voluntary merger of transportation companies, but BP wanted to run the new merged company. BP thought that ARCO was not bottom line oriented enough to suit them, but didn't want the competition. There really isn't enough business for two marine companies on the west coast. (Sea River does not restrict their trade to just the West Coast.)
I don't understand why you are so aggressively, dogmatic in you defense of BP. The company is a fascist, global giant that poses a threat to capitalism. Restricting trade is part of their MO.
BP once threatened to destroy my husband in open court if he testified against them and EXXON in the EXXON Valdez spill. My husband was the Environmenatal guy for ARCO marine at the time and had run an oil spill drill that almost exactly predicted the actual spill, six months before the occurance. He warned BP and EXXON that they were unprepared for a catastrophic spill and that their contigency plans were nothing but paper tigers. I hate BP.