HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » BP urged to settle US cla... » Reply #1

Response to Indi Guy (Original post)

Sun Nov 11, 2012, 01:22 PM

1. CBS News - "Rep. Joe Barton Apologizes to BP's Tony Hayward for White House "Shakedown"

It is easy to forget the reason why the oil industry sunk hundreds of millions of dollars into the 2012 election to support Republicans.


BP CEO Tony Hayward is in the midst of a harsh grilling today on Capitol Hill, where he is testifying House Committee on Energy and Commerce hearing on "The Role of BP in the Deepwater Horizon Explosion and Oil Spill."

But not long after the hearing began, Hayward got something not many expected from lawmakers: An apology.

Rep. Joe Barton of Texas, the top Republican on the committee, apologized to Hayward for what he described as a "shakedown" at the White House yesterday. He was referring to the deal worked out between the Obama administration and BP to set up a $20 billion fund administered by a third party to pay for damages from the catastrophic oil spill in the Gulf of Mexico.

"I'm ashamed of what happened in the White House yesterday," Barton said. "I think it is a tragedy of the first proportion that a private corporation can be subjected to what I would characterize as a shakedown, in this case, a $20 billion shakedown."

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 6 replies Author Time Post
Indi Guy Nov 2012 OP
LineNew Reply CBS News - "Rep. Joe Barton Apologizes to BP's Tony Hayward for White House "Shakedown"
TomCADem Nov 2012 #1
OnyxCollie Nov 2012 #2
dipsydoodle Nov 2012 #4
SDjack Nov 2012 #3
Hotler Nov 2012 #6
Please login to view edit histories.