BP: With friends like these…


When you’re in a lot of trouble, sometimes you’d rather your friends just said nothing:

BP’s Russian partners, who had sparred with the British company over management at the venture in recent years, last week came out publicly to defend BP’s environmental performance amid the Gulf crisis. Mikhail Fridman, who leads the group of Soviet-born billionaires, said BP was much more concerned about environmental and safety issues than most Russian companies, adding, “I don’t think there’s a threat to the stability of the company in a purely financial sense.”

Oh. Good point. If a group of “Soviet-born billionaires” commends you for exceeding the environmental standards of “most Russian companies,” what are we all so damned worried about?

CAJ note: Russia and China are drilling for oil off the coast of Cuba.

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