before the blowout. deepwater drills is inherently dangerous as the entire country now knows. an uncontrolled blowout can kill rig workers and cause an environmental disaster. we want to know whether you were briefed about the risks and were monitoring the safety of the drilling operation. we could find no evidence that you paid any attention to the tremendous risks bp was taking. we ve reviewed 30,000 pages of documents from bp, including your e-mails. there is not a single e-mail or document that shows you paid even the slightest attention to the dangers at this well. you are the ceo, so we consider the possibility that you may have delegated the oversight responsibility to someone else. we reviewed the e-mails and briefing documents received by
million fund and this is for unemployed rig workers. president obama says that this is a start to help these families and these business owners in the gulf who are struggling. it should provide some assurance to some of the small business owners and individuals down in the gulf who i was visiting with that bp is going to meet its responsibilities. bp s liabilities for this spill are significant and they acknowledge that fact. we will continue to hold bp and all other responsible parties accountable and i m absolutely confident bp will be able to meet its obligations to the gulf coast and to the american people. reporter: white house officials say that the meeting yesterday, that four-hour meeting, was business-like. i can tell you that this is not something paying out this money, setting up these funds, is not something that bp did willingly. white house officials saying they did not volunteer, there had to be a lot of negotiation that took place before they
the current pay czar for the big bank bail-out, kenne kennethfeinberg will oversee the claim. a three-member panel will review the awards. b.p. agreed under the white house pressure to set aside $100 million for unemployed rig workers idled by the six-month deepwater moratorium and the white house released this photo of obama with the b.p. chairman of board who announced the oil giant would cancel stockholder dividends for 2010 and address the perception of greed and indifference. i hear the [ inaudible ] that large oil companies are greedy companies or don t care. that is not the case of b.p. we care. reporter: after congressional revelation of internal concern about the deepwater rig dangerous conditions b.p. executives did not deny they cut corners on safety. we in the board, we will do our own independent
documents. they appear to show that bp repeatedly took shortcuts that endangered lives and increased the risk of a catastrophic blowout. and i isn t you a letter in advance, indicating that we will question you about those issues but what is equally important is what is missing from the documents. when you bill the ceo of bp, you promised to focus like a laser on safe and reliable operations. we wanted to know what you had done to keep this promise. so we asked what e-mails you had received, what documents you had reviewed, about the deep water horizon rig or the mcconndo well before the blowout. deep water drilling is inherently dangerous. as the entire country now knows, an uncontrolled blowout can kill rig workers, and cause an
this catastrophe. b.p. will be suing the people that it s associated with. the people that b.p. is associated with will be suing them, the federal government will be suing. the states will be suing. you may have some of the local counties suing. you may have some rogue indictment coming out of one of the gulf states against b.p. officials. they re on the hook for maybe $15 billion in fines above and beyond the $20 billion we re talking about for claims. $100 million just for the rigs, for the rig workers, people that are supposed to be on the 33 platforms which is bad in a way because these people will be placated and not realize those 33 platforms are leaving for good. we ll see. and there s no cap to say that s all they re getting. administration there is no cap. there is no cap at all. and but the issue and you pointed it out well is does the federal government by virtue of its conduct drive this company into the sea? right. is this the last money we ll