Gaddafi’s Corporate Quislings

Things are looking increasingly bleak for Muammar Gaddafi, as the West and its allies continue to pressure those in his inner circle to abandon him. But Gaddafi isn’t the only uncomfortable one, as revelations continue to emerge about the massive, immoral suck-up western companies undertook during the dictator’s brief period of acceptability.

After Gaddafi agreed to give up his pursuit of nuclear weapons in 2003, a long list of powerful companies with a deep moral commitment to increased profit beat a path to Gaddafi’s tent, hoping to cash in on everything from the country’s oil to its massive sovereign wealth fund, the Libyan Investment Authority, which Gaddafi controlled. Now details of their coddling of the dictator are slowly dribbling out.

Smokey Joe Barton

And eight more “deep thoughts” from the apologist.

Tony Hayward Gets His Life Back

The embattled BP CEO is turning over day-to-day responsibilities in the Gulf to Bob Dudley, the company’s managing director. BP chairman Carl-Henric Svanberg made the announcement in an interview with Sky News. [UPDATED with video clip below] Interviewer Jeff Randall characterizes Hayward’s performance testifying before a congressional committee yesterday as “wretched.” Perhaps Svanberg agreed or, [...]

Rep. Joe Barton Clarifies, Apologizes, Reconstrues

Just now, Rep. Joe Barton took a point of “personal privilege” to clarify his much discussed remarks this morning to BP CEO Tony Hayward. “I think BP is responsible for this accident, should be held responsible,” Barton said, before adding that he also thinks the company should pay for costs of the spill. “If anything [...]

Re: BP Finds a Champion

Democrats have pounced on Rep. Joe Barton’s statements this morning in a House Energy Committee oversight hearing apologizing to BP for the White House’s “shakedown” of the company, referring to the $20 billion fund for damages BP agreed yesterday to set up. Barton’s remarks: In the less than three hours since he uttered those words, [...]

BP Finds a Champion

At least one member of Congress, Rep. Joe Barton, a Texas Republican and former chairman of the Energy and Commerce Committee, is sympathetic to BP. Actually, he’s rather mad at President Obama and Congress on BP’s behalf. From his opening statement at today’s hearing: I’m speaking now totally for myself. I’m not speaking for the [...]

BP CEO Tony Hayward Will Testify About His Sadness

BP just sent out advance text of testimony that BP CEO Tony Hayward will deliver tomorrow before the House of Representatives. There is lots of empathy and emotion. Let me be very clear:  I fully grasp the terrible reality of the situation. When I learned that eleven men had lost their lives in the explosion [...]

1,000 Words: “I Drink Your Milkshake”

Official White House Photo by Pete Souza (President Obama will speak in the Rose Garden shortly, once he wraps up the meeting with BP executives pictured above.)

Big Oil Battles Congress

From TIME’s energy and environment writer Bryan Walsh: Around 10:30 AM Eastern this morning, just as the five executives of the major global oil companies were settling in for what was set to be a brutal hearing from the House Energy and Commerce Committee, a fire broke out on BP’s Enterprise drilling ship, which is [...]

BP: The End of Cap & Trade?

Senator Chuck Schumer, the No. 3 Senate Democrat, this morning on MSNBC’s Morning Joe said the Senate will bring up Senate Energy Committee Chairman Jeff Bingaman’s energy bill in July as the underlying legislation for energy reform as Dems grapple with how to deal legislatively with the fallout from the BP gusher in the Gulf. [...]