The Shape Of Things To Come: Boris Scraps Venezuela Oil Deal

LONDON, England (AP) — The British capital’s new mayor, Boris Johnson is ending a deal that has provided cheap Venezuelan fuel for London’s transport network. Johnson was a critic of the oil deal struck by his predecessor, Ken Livingstone.

The agreement, signed last year by the Conservative Johnson’s predecessor and Labour Party rival, Ken Livingstone, provided discounted gas for London’s iconic red buses in exchange for advice on urban planning in Caracas, the Venezuelan capital.

Money saved on gas was put into a program providing half-rate bus fares for low-income Londoners. Continue reading

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