Global Policy Forum

A Secret Subsidy – Oil Companies, the Navy and the Response to Piracy

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UK oil and gas companies are lobbying for more military subsidies for counter piracy operations. Platform London released a report that discusses how oil and gas companies have presented their private interests, to protect corporate oil assets at sea, as a public concern over the threat of piracy. Although at its height, less than 1% of tankers travelling through the Gulf of Aden have been hijacked, the companies are demanding increased spending on military capabilities to safeguard their trade vessels. In times of economic austerity, tax-payers are paying for the security of multinational corporations.





Platform London
October 26, 2012
 

 

Find the full report here.
 

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