BP chief Hayward "sorry" after six-hour Congress savaging

Scott Sinclair
clock

Besieged BP chief Tony Hayward yesterday declared his "deep sorrow" over the Gulf of Mexico oil spill after US Congressman accused his company of "astonishing complacency" and of having a "cavalier attitude to risk".

Speaking before the House energy and commerce sub-committee, a jaded-looking Hayward apologised for the accident and said he was "personally devastated" by the loss of life on the Deepwater Horizon rig on 20 April. "I am absolutely devastated by the incident and I feel great sorrow," he said, a day after pledging £13.5bn to a compensation fund to make amends for the Gulf of Mexico spill. "This tragedy should never have happened and I am deeply sorry that it did." Britain's largest firm was condemned by Senators for increasing the risk of a "catastrophic blowout" by cutting "corner ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Why multigenerational engagement is becoming a competitive advantage for advisers

Why multigenerational engagement is becoming a competitive advantage for advisers

'Technical planning alone is no longer enough'

Jordan Wheatley
clock 02 July 2026 • 4 min read
Advice 2036: The decade we finally fixed the plumbing

Advice 2036: The decade we finally fixed the plumbing

Rory McLaren hops in his time machine to 2036 and reflects on what the advice profession got right in 2026...

Rory McLaren
clock 02 July 2026 • 4 min read
Advice firms target 17% average growth amid tech and productivity challenges

Advice firms target 17% average growth amid tech and productivity challenges

Research from Owen James reveals

Sophia Panayi
clock 01 July 2026 • 2 min read