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Detailed text transcripts for TV channel - MSNBC - 20100617:16:28:00

the basis of our management of safety performance is through something that we call our group operating risk committee. it s a committee i set up, i chair. it involves the heads of all of the business streams. so and we meet on a bi-monthly basis to review the safety performance across the company. that process is mirrored down through the company. and what type of safety directives, then or what type of directives do you issue in terms of safety as a result of those meetings? and perhaps would you be willing to share some of that information with the committee as we go forward? we can certainly share that information with the committee. they range from changes to procedures to requirements to have people with issues with safety to present to us. someone records minutes during those meetings and your ....

An Investigatory Committee , Safety Performance , Group Operating Risk Committee , The Business Streams , Safety Directives ,

Detailed text transcripts for TV channel - MSNBC - 20100617:16:26:00

That the highest priority is to stop the leak, and clean it up. that is what my focus is. mr. burgess for questions. thank you, mr. chairman. highest priority stopping the leak. let me ask you, mr. hayward, is your presence here today in any way interfering with that number one task of stopping the leak? it is not. thank you. let me ask you let me make a statement for clarification. i am not going to apologize to you t. was, after all, bp executives who were with on that rig. pp executives who ultimately could have made the call to stop operations when things became unsafe. and ultimately you are the person at the top and you are responsible. we lost 11 men on that rig. i don t feel apologies are in order. but, mr. chairman, i do have serious questions about the setup of this fund that we heard about from the white house yesterday. i hope this committee will stay engaged in the oversight of that activity as well. ....

Michael Burgess , Drilling Bp , An Investigatory Committee , White House ,

Detailed text transcripts for TV channel - MSNBC - 20100617:16:53:00

i m afraid i can t recall. would you submit for the record, please. how long would the fully circulating of the mud have taken? i m afraid i can t recall that either. would you submit that for the record, please. now, bp made the decision not to install a casing hanger lockdown sleeve. can you assure the committee under oath that that decision was not made to save time and money? that was a decision i was not party to. how much did the installing of the lockdown sleeve save bp? i don t know. how much time did installing the lockdown sleeve save? i m afraid i don t know that either. now, you have received a letter from the chairman of the subcommittee and the full committee asking a series of questions. when will committee have the response to that letter? ....

An Investigatory Committee , Drilling Bp , Casing Hanger Lockdown Sleeve , Lockdown Sleeve Save , I Dont Know , Will Committee ,

Detailed text transcripts for TV channel - MSNBC - 20100617:16:17:00

Commence, lawmakers will again begin to question hayward. let s bring in pat buchanan and democratic strategist/msnbc contributor karen finny. i want to begin with one with of the lawmakers on this committee, joe barton, who described the $20 billion bp has put into escrow at the request or at the persuasion of the white house, joe barton described it as a shakedown. he s apologized for it but here s the statement by the press secretary. he says, what is shameful is this is the press secretary robert gibbs joe barton seemeds to have more concern for big corporations that caused this disaster than the fishermen, small business on or abouts and communities whose lives have been devastated by the destruction. he may think a fund to compensate these americans is a straj di, but most americans know the real tragedy is what the men and women of the gulf coast are going through right now. members from both parties should repudiate those comments. pat buchanan, he s not the only ....

An Investigatory Committee , Drilling Bp , Joe Barton , Karen Finny , Pat Buchanan , 20 Billion , 0 Billion , White House , Press Secretary , Robert Gibbs , Small Business , Gulf Coast , Straj Di ,

Detailed text transcripts for TV channel - MSNBC - 20100617:16:21:00

Put out, we went through five major areas. the head of the ceos of the oil companies were before this committee tuesday all said you did it wrong. they never would have done a well this way. you made decisions whether to do a kcasing or a string with the tie-back. everyone says the tie-back would have been safer. the lockdown sleeve. centralizers instead of doing 21 with as was recommended you only do 6. that defies this safety emphasis, does it not? we ve launched an investigation, which we ve shared with yourself, mr. chairman, and all of your members, has identified seven areas. it s identified area s around cement, casing, integrity pressure measurements, well control procedures and three areas around the blowout preventer which failed to operate. sure. our investigation is ongoing t. not complete. you re the ceo of this company. you said you were here to answer the questions of the american ....

An Investigatory Committee , Oil Companies , Atie Back , Safety Emphasis , Lockdown Sleeve , Integrity Pressure Measurements , Tony Hayward , Well Control Procedures , Blowout Preventer ,