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Oil groups distance themselves from BP

The chief executives of the world’s biggest international oil companies will testify on Tuesday that the BP oil spill in the Gulf of Mexico “was preventable’’, publicly distancing themselves for the first time from the UK company, the Financial Times has learnt. Executives from ExxonMobil, Shell, Chevron and ConocoPhillips will say that by following current “best practices’’ companies can avoid such accidents, according to interviews with those who have seened the planned remarks. The majors want to use this opportunity — in front of a subcommittee of the House energy and commerce committee — to make the case for continued new drilling in the deepwater gulf. Drilling has been placed under a six-month moratorium since the oil leak began, with many in the industry fearing that the curbs might be extended. Image: More…

News selected by Covalence | Country: USA | Company — Ethical Quote link: BP, ExxonMobil, Shell, Chevron, ConocoPhillips | Source: Financial Times

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