Public Campaign President Nick Nyhart discusses how BP and Wall Street are double teaming derivatives legislation reform. "BP, a major player in the derivatives game, is a member of the Coalition for Derivatives End-Users, a group of companies pushing for a loophole in financial reform legislation to exclude derivatives trading. The American Petroleum Institute, which counts BP as a member, is opposed to derivatives provisions being considered as well. "BP might be hiding behind trade groups, but it's clear they are opposed to strong derivatives regulation--and they've been lobbying to make their voices heard. In 2009 and the first quarter of 2010, BP spent $19.4 million lobbying Congress. A portion of those lobbying fees was spent on trying to influence financial reform legislation, according data from the nonpartisan Center for Responsive Politics."Click here to read the full article.