U.S. Fury at BP Stirs Backlash Among British
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U.S. Fury at BP Stirs Backlash Among British
By Sarah Lyall and Julia Werdigier
Spewing oil and alienating Americans with its chief executive’s impolitic remarks, BP may be Public Enemy No. 1 in the United States. But in Britain, where the company is a mainstay of the stock market and a favorite of pension funds, investors and politicians are becoming increasingly angry at the blistering attacks from across the Atlantic.
BP’s share price, even after recovering some ground in New York trading on Thursday, has fallen more than 40 percent since the environmental catastrophe in April, and some analysts say the crisis could lead to the takeover or even the bankruptcy of one of Britain’s most valuable and iconic companies.
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