<img title="Image: http://www.myvivvo.com/thumbnail.php?file=art.boris.johnson.gi_185574133.jpg&amp;size=article_medium" src="http://www.myvivvo.com/thumbnail.php?file=art.boris.johnson.gi_185574133.jpg&amp;size=article_medium" alt="New London Mayor scraps Venezuela oil deal">
										
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								<span>The British capital's new mayor, Boris Johnson is ending a 
controversial deal that has provided cheap Venezuelan fuel for London's 
transport network.<br><br>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.<br><br>Money saved on gas was put into a program providing 
half-rate bus fares for low-income Londoners. Livingstone said the 
anti-poverty initiative was the idea of Venezuela's left-wing leader, 
Hugo Chavez, whom Livingstone said he has long admired.<br><br>Conservative
 critics said the deal allowed one of the world's richest cities to 
exploit a lesser developed country and handed a propaganda coup to a man
 they called "a third-rate South American dictator."<br><br>Johnson echoed those criticisms in a statement announcing he would not renew the agreement when it expires in August.<br><br>"I
 think many Londoners felt uncomfortable about the bus operation of one 
of the world's financial powerhouses being funded by the people of a 
country where many people live in extreme poverty," he said.<br>advertisement<br><br>The statement said poor Londoners could continue to take advantage of the reduced fares until the program ran its course.<br><br>A spokesman for the mayor said there were no plans to offer low-income residents advantageous bus fares beyond that point.</span>
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