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Posts on ‘May 2nd, 2010’

Problems with big oil that won’t go away

guardian.co.uk homeThe Observer home

The Deepwater Horizon spill, which is threatening swaths of the Gulf of Mexico’s coast, again raises questions about how rigorously safety and environmental regulations are enforced

  • Tim Webb
  • Washington, 5am, Tuesday: a tired Tony Hayward, chief executive of BP, was finally patched on to the conference call. At the other end, a dozen journalists sat around a boardroom table at its plush headquarters in St James’s Square, London and leant in towards the squawkbox. BP had just announced a 135% increase in profits for the first quarter, but all that anyone wanted to discuss was the Deepwater Horizon disaster.

    A sombre Hayward, who had spent the weekend co-ordinating the operation to contain the slick off the coast of Louisiana, recognised as much when he began the call: “Clearly a good set of results has been overshadowed by events.” read more

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