Photo source: ©© William Kitzinger
Excerpts;
The British government is subsidising one of the world’s largest and riskiest oil-drilling projects in the Atlantic Ocean and would be liable for tens of millions of pounds if a major accident took place.
Documents seen by the Guardian show that UK trade ministers underwrote loans taken out by the Brazilian state-run energy company Petrobras in 2005 in order that Rolls Royce and other companies could contribute to the building of the giant P-52 platform.
The platform is now operating 125km off the coast of Brazil in 1,798 metres (5,900 feet) of water, deeper than BP’s Deepwater rig…
