Senior Tories today warned Barack Obama to back off as billions of pounds were wiped off BP shares in the row over the Gulf of Mexico oil spill.
Mayor Boris Johnson demanded an end to anti-British rhetoric, buck-passing and name-calling after days of scathing criticism directed at BP by the President and other US politicians.
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Former Conservative Party chairman Lord Tebbit branded Mr Obama’s conduct despicable. And with the dispute threatening to escalate into a diplomatic row, Mr Johnson also appeared to suggest that David Cameron should step in to defend BP.
He spoke as the US onslaught against the firm became a matter of national concern especially given its importance to British pensions, which lost much of their value today as BP shares plunged to a 13-year low.
Asked on BBC Radio 4’s Today whether he thought the Prime Minister should intervene, Mr Johnson said: Well I do think there is something slightly worrying about the anti-British rhetoric that seems to be permeating from America. Yes I suppose that’s right.
I would like to see cool heads and a bit of calm reflection about how to deal with this problem rather than endlessly buck-passing and name-calling.
When you consider the huge exposure of British pension funds to BP and its share price, and the vital importance of BP, then I do think it starts to become a matter of national concern if a great UK company is being continually beaten up on the international airwaves.
June 12, 2010