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“When he abruptly resigned as chief executive of BP PLC [he] left the company in disarray. The giant energy producer was struggling with
a legacy of accidents and spills in the U.S.” Nope, that’s not about the swift booting of Tony Hayward by the BP board on Tuesday. It’s from a 2007 Bloomberg story on the last crisis change in leadership at BP.
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Ahead of tomorrow’s anticipated release of BP’s second-quarter financial statements–and of the massive losses–BP is expected to appoint Managing Director Bob Dudley to replace Tony Hayward as CEO during tonight’s board meeting in London. Hayward…
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Given the fury directed at BP in Congressional hearings on the Gulf oil spill, you’d think the time was ripe to cut the oil industry’s ridiculous subsidies–amounting to at least $40 billion per decade, according…
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6-24-10 by dugan BP is touting restoral of its robot-damaged "cap" (which looks like a giant hat for the Tin Man) to corral a large fraction of the company’s Gulf oil spill, but is…
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Final Thoughts by Khan BP will have to evaluate long and hard as to whether Hayward’s strategy today–be evasive as possible for seemingly legal reasons–was worth the public excoriation that is starting to pile on….
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Hayward: "Blow out preventers…across the world…not fail safe" Liveblog by Khan Hayward tells Rep. Barton that he thinks one of the biggest industry lessons going forward will be to make sure the blow out preventers…
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Mocking Barton Website Is Up Liveblog by Khan Thanks to the NYT for this tip, a website mocking Joe Barton’s performance this morning: http://joebartonwouldliketoapologize.com/
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Rep. Barton says some may have "misconstrued" his accusation of a White House "shakedown" and "national tragedy." by Khan Rep. Barton (TX) just took a moment to clear up his "shakedown" comment. Saying…
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A SCOTUS hearing? by Khan The hearing so far is coming to resemble a Supreme Court confirmation hearing– When asked for judgment & opinion on specific matters of the Macondo well’s construction (read: when asked…
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Rep. Dugette’s Futile Questions Liveblog by Khan Rep. DeGette from CO is grilling Hayward on these documents, cited in letters from Waxman & Stupak, giving detailed technical information and likely questions on BP’s well, its…
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Not Catching the Drift Liveblog by Khan It doesn’t seem like committee members had a chance to reflect during the one hour recess. Questions from members after returning from their votes seem to be in…
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Hayward’s ‘scary’ testimony Liveblog by Khan In response to Rep. Burgess’ questions concerning the specific nature of the Macondo well, Hayward continues to assert that he does not have specific information, demonstrating an embarassing [or…
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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…
