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Public Statements

Hodes: After Lobbying for Terrorists, BP Should Lose Tax Breaks

Press Release

By:
Date:
Location: Washington, DC

In the wake of news reports chronicling BP's efforts to free convicted terrorists, Paul Hodes is announcing a new proposal which will end their massive tax subsidies. In 2007, oil giant BP lobbied for the release of convicted Lockerbie terrorist Abdel Baset al-Megrahi, who killed 189 Americans -- including two Granite Staters -- in the bombing of Pan Am Flight 103. BP's lobbying for the release of this Libyan terrorist coincided with the signing of a $900 million off-shore drilling contract with the Libyan government.

"It is absolutely disgusting that BP would put their profits ahead of American lives, going so far as to try to free a convicted terrorist who killed Americans so they can drill for Libyan oil," said Hodes. "The fact that Washington continues to give massive subsidies and contracts to a company with this shameful record flies in the face of the struggle of middle class families who will be left to pay for these handouts."
Today, Hodes is announcing a new proposal which will end all oil subsidies for companies like BP which have lobbied on behalf of the release of dangerous terrorists. Oil companies receive $2.6 billion a year in tax subsidies from the US government.

Recent news reports have confirmed that BP admitted to lobbying the UK government for the release of Libyan-born terrorist Abdel Baset al-Megrahi, which coincided with the signing of a $900 million off-shore oil drilling contract with the Libyan government. Al-Megrahi was convicted of orchestrating the Lockerbie bombing, which killed 189 Americans including 2 residents of New Hampshire -- Captain James Bruce MacQuarrie of Kensington and Stephen John Boland, a student from Nashua.


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