In a medium saucepan, heat oil over medium-high heat. Add bacon, onion and green pepper and cook until onions and pepper begin to soften.
Transfer mixture into a 5-6 quart (6L) casserole or bean pot. Add beans and mix. Combine tomato paste, salt, sugar and syrup or molasses and stir into bean mixture. Bake covered at 350?F (150?C) for about I hour or until heated throughout. Add water if necessary to give desired consistency. If more color is desired, remove cover from casserole during last 15-20 minutes of baking.
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