BP’s Chairman: Rig Explosion Caused by “Failed Piece of Equipment”

BP’s (BP) chairman Lamar McKay is rejecting criticism that his company’s safety record played a role in the explosion of the Deepwater Horizon oil rig that led to the loss of 11 lives in the Gulf of Mexico. McKay tells ABC’s “This Week” that the rig’s sinking was caused by a failed piece of equipment. He [...]