"Rep. Henry Waxman, a California Democrat, told BP chief Tony Hayward there was no evidence he paid attention to the "tremendous risks" BP was taking.
"BP cut corner after corner to save a million dollars here and a few hours or days there," said Waxman. "And now the whole Gulf is paying the price."
BP Chief Executive Tony Hayward will face the wrath of U.S. lawmakers on Thursday as investors welcomed a plan to set up a $20 billion fund to cope with Gulf of Mexico oil spill claims."
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