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BP CEO Tony Hayward Faces Grilling As Oil Continues To Spew


Lawmakers on Thursday will get their first chance to grill BP CEO Tony Hayward, the man fighting to save his and his company’s reputation as BP fights to stop the oil gushing into the Gulf of Mexico.

Hayward will testify before the House Energy and Commerce Subcommittee on Oversight and Investigations, which is chaired by Democratic Rep. Bart Stupak. The hearing will examine what caused the explosion on the Deepwater Horizon rig in April and the oil disaster.

A letter to Hayward from House Energy and Commerce Committee Chairman Henry Waxman, D-California, says a congressional investigation alleges that the besieged oil company took a low-cost, speedy approach to drilling the now-broken deepwater well responsible for the growing spill in the Gulf of Mexico.

The hearing comes a day after Hayward met with President Obama, who last week charged that if it were up to him, Hayward would have been fired by then.

In the eight weeks since the rig explosion, Hayward has become the punching bag for Gulf Coast residents who are furious that the oil is still spewing.

BP’s costly public relations campaign features an apologetic Hayward detailing clean up efforts in the Gulf and promising, “We will get this done. We will get this right.”

But the company’s effort to repair its image has been countered by its inability to contain the oil and Hayward’s penchant for gaffes.

A month after the rig sank, Hayward told Sky News that the environmental impact of the disaster would likely be “very, very modest.” He later described the oil spill as an “environmental catastrophe.”

Hayward also took heat for telling The Guardian that the size of the spill is “relatively tiny” in comparison to the “very big ocean.”

BP’s top man faced the most criticism from his poorly worded apology for the disruption the largest oil spill in U.S. history has caused. “There’s no one who wants this over more than I do. I would like my life back,” he said.

In response to Hayward’s comment, Christopher Jones, a brother of one of the 11 workers killed in the oil rig explosion, told the Senate Judiciary Committee, “Mr. Hayward, I want my brother’s life back.”

Hayward issued another apology for what he said was a “hurtful and thoughtless comment.”

“When I read that recently, I was appalled. I apologize, especially to the families of the 11 men who lost their lives in this tragic accident,” he said on his Facebook page.

In the past two months, Tony Hayward has become a media fixture and a household name.

Hayward, a 53-year-old Briton, grew up outside of London and started at BP as a geologist in 1982. He held various technical and commercial jobs in Europe, Asia and South America in the 1990s, according to his bio from BP. By 1997, he was on the executive committee, and in May of 2007, he was named CEO.

Hayward replaced Lord John Browne, who resigned three months earlier than planned after a judge cleared the way for a newspaper to publish details about an alleged homosexual relationship that Browne had.

When Hayward took over, BP was still recovering from the March 2005 explosion at a Texas City, Texas, refinery that killed 15 workers and the spill in Alaska the following year that was blamed partially on poor maintenance of the pipelines.

Hayward vowed to turn the company around. Pressed on how he’d be different from his predecessor, Hayward reportedly replied, “John Browne was John Browne. I’ll be me. There is not a lot more I can say.”

Prior to April, there had been no major disasters for the company since the Alaskan pipeline incident. Financially, the company has increased revenues every year since Hayward took over, with the exception of 2009, a year plagued by the recession. Profits have been strong, but up and down.

Last year, Hayward made $6 million. Despite calls for him to quit, Hayward insists he has no plans to step down.

Asked if the president trusts Hayward, White House Press Secretary Robert Gibbs told CNN, “It’s not about trusting Tony Hayward or anybody at BP. It is about ensuring that they live up to each and every responsibility that they have and that’s exactly what the president and everybody in this administration will do.”

This month, BP’s stock hit a 14-year-low. Since the oil disaster began, the company has lost half of its market value.

(Source: CNN)



3 Responses

  1. If they were really serious about finding out what caused the explosion, they would have initiated a criminal investigation immediately. Now, they are using a disaster to enrichen themselves and nationalize the oil companies.

  2. If they had initiated a criminal investigation, you would have claimed that they were using it as a pretext to nationalize the oil companies…

  3. They should ask Obama why he is so inept and refussed to allow the Booms, the fire equipment, AND the disbursement chemicals. THE OBAMA REGIME AS WELL AS ANY SOCIALIST LIBERAL DEMOCRAT IS THE PROBLEM!

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