BP's 'Con-Tract' Of The Century - Spinwatch Report
A six month SpinWatch investigation into BP's ''Con-Tract of the Century'' reveals how:
* There is a major design flaw on one of the world's most strategic oil pipelines, the Baku-Tblisi-Ceyhan
pipeline, that could lead to an environmental disaster;
* BP improperly secured a $2.6 billion loan to build the 1,000 mile pipeline, despite the design flaws;
* BP misled a British parliamentary inquiry about the pipeline's safety;
* New Labour's proximity to BP has undermined its regulatory responsibilities;
The SpinWatch investigation also exclusively reveals breaking news that the bank consortium led by Italy's largest bank,
Banca Intesa, has pulled out over concerns about safety flaws and reputation risk.
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Michael Gillard, the author of the SpinWatch investigation is an award-winning journalist.