What in the hell is going on over at British Petroleum, affectionately known as BP? First they are responsible for one of the largest disasters in oceanic history with millions of gallons of their oil spilled into the Gulf and now they’re caught secretly making oil sales with Iran. According to the Huffington Post, they could be in violation of the “Comprehensive Iran Sanctions, Accountability and Divestment Act (CISADA) signed by President Obama in July 2010.” This Act states that companies or individuals are restricted from selling refined petroleum products to Iran in excess of $1 million within a year. If they are caught doing so, they are “subject to three or more out of a possible nine sanctions.”
While BP, by name, has no loyalty to America, they do have legal obligations and responsibilities throughout the globe that keep them in business and this could be a nail in their coffin. If sanctions are levied against the company, they may lose big. BP maintains that they did not sell any oil to Iran during the updated CISADA signed by the President.
Read more here on these shady characters. Can you say boycott? Surely, someone will be calling for one soon.