Page 1160 - Commitments News Today

Have been famous gaffes made by bp executives. tony hayward said he would like his life back. there was him going yachting over the weekend. the chairman of the board said he cares about the "small people" affected by this. some people are getting a sense that bp is tone deaf to whats going on there in the gulf. has it been? >> well, both of those men are, one, deeply disturbed by whats happened in the gulf, and fully committed to making sure that bp meets all of its commitments not only now but...

It created an impression that bp is tone deaf to concerns that people on the gulf coast have about whats going on. i asked dudley about that, whether he thought that was the case. >> both of those men are -- one, deeply disturbed by whats happening in the gulf. and fully committed to making sure that bp meets all of its commitments not only now but for years to come. they may have said the wrong things. the chairmans native language is not english. meant small businesses and has been taken and r...

The department of corrections and rehabilitation is public safety and protect the community. the way we do that is to keep commitments from superior court and parole violators and such in our custody, not let any of them get out until its time. its a very, very serious deal. i seen at least four units so far go out of the prison into the triangle search. they check out spots like the bus depot, the strip malls, apartment complexes, the ferry terminal. were following 26 right now. that officers d...

Me ener of how the meeting was for you? -- give me ener of how the mealing was for you? >> we were there for about 4 1/2 hours the beginning of the meeting the president was very direct with the team. said there was great concern for what is happening in the gulf, great sense of urgency for capping the well. deep, deep concern, personal concern for people along the gulf coast. wanted to make it very clear that bp had its obligations to meet. our chairman told him how deeply tragic we all feel at...

For you? -- give me ener of how the mealing was for you? >> we were there for about 4 1/2 hours the beginning of the meeting the president was very direct with the team. said there was great concern for what is happening in the gulf, great sense of urgency for capping the well. deep, deep concern, personal concern for people along the gulf coast. wanted to make it very clear that bp had its obligations to meet. our chairman told him how deeply tragic we all feel at bp about what has happened the...

White house and stopped what we call the stakeout location to speak to reporters. in doing so, the chairman apologized. he said bp would keep its commitments. then we said something that got him in a little hot water. lets listen. >> it comes across as he is frustrated because he cares about the small people. and we care about the small people. i hear comments sometimes that large oil companies are greedy companies or dont care. but that is not the case in bp. we care about the small people. >> ...

In bp. many of whom are living on the gulf coast. and i do thank you for the patience that you have in this difficult time. through our actions and commitments, we hope that over the long term we will regain the trust that you have in us. thanks a lot. and i will take a couple of questions. >> are you going to resign from bp? >> did bp take safety shortcuts on the deepwater rigs? >> we are going through a series of investigations. and we and the board -- we will do our own independent investigat...

Difficult time. through our actions, and commitments, we hope that the long term that well regain the trust that you have in us. thanks a loot. and i will take a couple questions. >> reporter: bp taking short kit on the deepwater horizon? >> we are going through a series of investigation. well do our own independent investigation where well scrutinize everything that we do to make sure that we understand the root cause of this tragic accident because it shouldnt happen. i have no further comment...

Are they getting any agreement that they wont be found negligent at all or? and you said that, i guess, bp would fund the fund with u.s. assets. so is it -- >> no. they will make payments over a four-year period of $5 billion a year. but they will provide assurance for those commitments by setting aside $20 billion in u.s. ass assets. its like an insurance policy. its not 20 and 20. they nit kmitcommitted to 20, b provided assurances thatly set aside assets. as the fund grows in size, the assets...

And i do thank you for the patience that you have in this difficult time. through our actions and commitments, we hope that over long term, that we will regain the trust that you have in us. thanks a lot, and i will give a couple of questions. >> i want to ask you, did bp take safety short cuts on the deepwater horizon? >> we are going through a series of investigations. we will do our own independent investigation where we will scrutinize everything that we do to make sure that we understand th...