Thursday, June 17, 2010

Facing Congressional Wrath, BP Chief Apologizes for Oil Disaster

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BP CEO Tony Hayward arrives on Capitol Hill in Washington, Thursday, June 17, 2010, to testify before the House Oversight and Investigations subcommittee hearing on "the role of BP in the Deepwater Horizon Explosion and oil spill. Photo:

FOX NEWS: In a congressional hearing Thursday that some have described as a public execution, BP chief executive Tony Hayward told Congress that he is "deeply sorry" for the oil disaster in the Gulf of Mexico.

Hayward's testimony came after members of the House Energy and Commerce Committee's oversight and investigations subcommittee took turns in a long-awaited public flogging intended to capture the outrage of the nation.

Hayward sat grim-faced before the panel, which is investigating the explosion that killed 11 workers and unleashed a flood of oil that has yet to be stemmed.

Lawmakers accused Hayward, who has come to represent charges of corporate arrogance and greed, of being oblivious to the risks of the company's deepwater operations.

Some of the sharpest criticism came from Rep. Bart Stupak, D-Mich.

"We are not small people. But we wish to get our lives back," he told Hayward. "I'm sure you'll get your life back, and with a golden parachute to England."

It was a reference to Hayward's much-criticized earlier remark that some day he hoped to get "my life back" and to comments on the White House driveway on Wednesday by BP Chairman Carl-Henric Svanberg that "we care about the small people" of the Gulf Coast.

Hayward sipped a beverage and jotted notes as one lawmaker after another scorched him. Read on and comment >>> | Thursday, June 17, 2010

The Associated Press contributed to this report.