Hayward dodging all questions Liveblog by Khan BP CEO Hayward has a clear strategy to the tough questions that he’s receiving from committee members. In response to questions from Rep. Stupak concerning whether BP "cut…
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Archive | Companies
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Congress Gets It Backward
How is it that renewable energy producers struggle to renew expiring, and already expired, tax breaks and other funding credits in Congress, while the Senate overwhelmingly refuses to cut Big Oil’s $35 billion in…
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Gibbs: Barton’s words ‘shameful’
Gibbs: Barton’s comments "shameful" Liveblog by Khan As the committee reconvenes, a quick update on the immediate backlash against Rep. Barton’s "shakedown" description of the WH’s success in getting BP to commit to a $20…
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Hayward: We will not rest
Hayward: We will not rest until we make this right Liveblog by Khan As we recess to give committee members time to make Congressional votes, Hayward has just finished his opening statement. Nothing particularly…
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GOP has other concerns
GOP has other concerns Liveblog by Khan Republican members on the committee have consistently drawn attention to other concerns in their opening statements. One would think that the investigative hearing, with BP CEO Tony Hayward…
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Hayward: “Assurance killing us”
Hayward: "Assurance is killing us" Liveblog by Khan Rep. Stupak from MI has had the most excoriating opening statement so far. Citing statements from Hayward in 2007, when Hayward said: "Assurance is killing us…I don’t…
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Rep. Barton: I apologize for Obama’s “shakedown”
Rep. Barton: I apologize for Obama’s "shakedown" Liveblog by Khan Rep. Barton from TX, drawing murmurs from across the room, publicly apologizes to BP for the White House’s success in getting BP to commit…
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Rep. Waxman’s Opening Statement
Rep. Waxman’s opening statement indicates that the committee on the Democratic side will focus on: 1) What BP’s internal documents warned about the Deepwater Horizons well 2) What was missing from these documents in terms…
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Link to Hayward’s testimony
by Khan Here is a link to the text of Hayward’s testimony this morning.
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Hayward walks in!
Hayward walks in! Liveblog by Khan Hawyard just walked in. The room is furiously clicking with press photographs, as Hayward’s Chief Counsel seems to be coaching him on what to say with a group of…
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Final Thoughts
As we reflect on today’s hearing with oil executives from the Big 5 U.S. oil companies, here are a few questions to consider: 1) What did the testimony reveal about the other oil giants’…
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LiveBlog: 100% Safe?
Is deepwater drilling "100% safe?" asks Rep. Gonzalez from Texas. Three of the four executives admit the undeniable fact–"no"–except for John Watson from Chevron. Calling his company’s drilling procedures "safe", Watson refuses to engage with…
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LiveBlog: Resign!
The room goes dead silent as Rep. Stearns from Florida calls for the resignation of Lamar McKay, president of BP America. In the context of questioning about the consistent underestimation by BP of the number…