Daily Archives: June 17, 2010

John Gapper

Tony Hayward, BP’s chief executive, has had a long and painful morning at the House of Representatives energy and commerce committee but he can thank Joe Barton, a Republican member of the committee, for seizing the spotlight.

Mr Barton’s comment that the government had subjected BP to a “$20bn shakedown” drew a rapid response from the White House, which called for Republicans and Democrats to repudiate it. It clearly believes it can win any political tussle over the escrow fund for compensation. Read more

John Gapper

Oh dear. Language can be so tricky.

Carl-Henric Svanberg, the BP chairman, whipped up yet more trouble for the company following his meeting with President Obama on Wednesday, by saying the followingRead more