Tony Hayward BP Hill Testimony: I'm Sorry
And will apologize on the hill today.
After being called onto the carpet by President Obama and agreeing to set up a $20 billion fund for victims, BP boss Tony Hayward will appear before Congress Thursday, telling the members of a House Energy Committee panel how "deeply sorry" he is about the Gulf oil spill. Not that Hayward won't be spreading the blame around for the spill's cause. “This is a complex accident, caused by an unprecedented combination of failures,” Hayward says. “A number of companies are involved, including BP, and it is simply too early to understand the cause.” Hayward, who has led BP since 2007, has taken heat for saying that he wants the spill to end because "I'd like my life back." He says he was "personally devastated" by the deaths of 11 workers on the company's oil rig. According to an estimate in Thursday’s New York Times, the oil spill could cost BP $280 million a day in civic fines. It’s been 60 days since the gusher began.
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