Tony Hayward, BP CEO was given a humiliating dressing down before an energy sub-committee investigating the Gulf of Mexico oil spill. Henry Waxman, Democratic chairman of the Energy and Commerce Committee, accused Tony Hayward of dodging responsibility on BP's actions after he refused to comment on drilling activities on the doomed Deepwater Horizon rig.
The shares of BP slipped further in the US after the BP Chief Executive said sorry to the US Lawmakers, but offered no substantial evidence regarding the risks at the Deepwater Horizon oil rig.
Tony Hayward became the CEO in 2007 and he mentioned that all the decisions regarding the construction of this particular gushing well were made before that. The subcommittee members were displeased with his shirking responsibility and let him know that.
Tony Hayward told the House Energy and Commerce Subcommittee on Oversight and Investigation he fully grasped "the terrible reality" of the leak and explosion that killed 11 people in a prepared statement. The Congressional hostility directed at him suggested that BP's day-old agreement to contribute to the spill-damage fund did little to quell anger among Democrats on Capitol Hill.