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BP Plc's U.S. chief faces accusations in Congress on Tuesday that the energy giant caused the worst oil spill in U.S. history with a calculated strategy to cut costs, hours before President Barack Obama uses a televised address to defend his handling of the disaster. A day after BP shares fell 9 percent in London and New York and the company hired investment bankers for undisclosed reasons, U.S. lawmakers will ask Lamar McKay why BP made repeated choices that appeared to favor cost savings over safety before its rig blew up in the Gulf of Mexico.
Executives from Exxon Mobil and Chevron, among others, will likely distance themselves from BP in what is expected to be a heated showdown when they face Congress at 9:30 am ET.
Top competitors are expected to distance themselves from BP Plc on Tuesday as normally clubby oil industry executives gather for a Capitol Hill grilling on the worst oil spill in U.S. history.
all lies
everytime a major company is said to get a "grilling" by congress it always ends up looking more like a few easy questions here and there and next to zero accountability afterwards.
Everyone is talking tuff but everyone at the same is acting like pussy cats.
Originally posted by ModernAcademia
all lies
everytime a major company is said to get a "grilling" by congress it always ends up looking more like a few easy questions here and there and next to zero accountability afterwards.
Everyone is talking tuff but everyone at the same is acting like pussy cats.