Blog Post
Hayward’s Golden Parachute Worth $18.5 Mil
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 is rumored to be leaving his post with $18.5 million–the equivalent of a year’s salary and a guaranteed pension. (On [...]
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$20 Billion for “Clean Coal”?
Thursday, July 15, 2010
$20 Billion for "Clean Coal"? by Khan Shoieb Senators John Rockefeller IV (D-WV) and George Voinovich (R-OH) have reportedly come out with a bill that would give massive subsidies to the coal industry over the next decade and might be packaged into upcoming energy legislation in the Senate. According to CQ: [The Senators] unveiled a [...]
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Supporting Oilworkers’ Families
Wednesday, June 23, 2010
Consumer Watchdog Joins Group of Advocates in Letter to Rep. Conyers to Assist Families of Deceased Oil Rig Workers 06-23-10 by Khan Consumer Watchdog has joined groups promoting justice and consumer advocates in a letter to Rep. John Conyers (MI) expressing support for a bill introduced in the House that would help families recoup non-economic [...]
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Final Thoughts
Thursday, June 17, 2010
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. Hayward declined to answer most questions about what went wrong, citing a reluctance to speculate amidst "ongoing investigations". And when [...]
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Hayward: “not fail safe”
Thursday, June 17, 2010
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 on these wells are actually "fail safe". Right now, he admits, blow out preventers around the world, not just for [...]
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Mocking Barton Website Is Up
Thursday, June 17, 2010
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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Hayward: ‘No reckless behavior’
Thursday, June 17, 2010
Hayward: "No evidence of reckless behavior" by Khan In response to Rep. Stearns’ (FL) question about whether people were suffering in the Gulf due to BP’s reckless behavior, Hayward responds: "There was no evidence of reckless behavior." Of course, admitting recklessness would exponentially raise BP’s liability in the spill. But he should at least have [...]
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Barton’s Non-Apology
Thursday, June 17, 2010
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 he thought BP should be held fully responsible, and should be forced to "make good" on its liabilities, Barton hopes [...]
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Pulling the Camera Back
Thursday, June 17, 2010
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 about a specific case), Hayward responds that he is "not prepared to speculate" until the ongoing investigations are completed (read: [...]
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Hayward’s Raging Ignorance
Thursday, June 17, 2010
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 safety and its operations, that were sent to Hayward on Monday. Hayward says he hadn’t seen any of them before. [...]
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Not Catching the Drift
Thursday, June 17, 2010
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 the same vein as from before the recess, drawing the same, evasive answers from Hayward. Markey denounces Hayward for "equivocation" [...]
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Burgess: ‘Scaring me now’
Thursday, June 17, 2010
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 legally clever] lack of technical knowledge. Burgess then asks about the mechanics of BP’s other wells in the Gulf of [...]
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Hayward’s Dodger Strategy
Thursday, June 17, 2010
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 corners", Hayward said it was too "early to tell", citing 7 areas of study in ongoing investigations. When citing BP’s [...]
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Monday, July 26, 2010
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