BP CEO Tony Hayward Testifies to Congress

Written by FrumForum Editors on Thursday June 17, 2010

BP CEO Tony Hayward has been testifying to the House Energy Committee, coming under intense criticism for BP's response to the spill:

WASHINGTON (AP) -- BP's humbled CEO sat grim-faced Thursday as a House chairman accused him of being oblivious to the risks of his company's deep water operations, then testified he was "deeply sorry" for the catastrophic Gulf coast oil spill.

Rep. Henry Waxman, D-Calif., told the BP executive that in his committee's review of 30,000 items, there was "not a single e-mail or document that you paid even the slightest attention to the dangers at this well."

More than eight weeks after the spill began and a day after BP agreed to a $20 billion victims' compensation fund, Hayward said under oath to lawmakers that he was "personally devastated" by the April explosion of the Deepwater Horizon oil rig that triggered the giant spill - and that he understands the anger that Americans feel toward him and his company.

Before beginning his own testimony, Hayward was buffeted by scathing criticism from lawmakers from both parties for more than an hour.

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