VENICE, La. — BP’s chairman defended his company’s safety record and said Sunday that “a failed piece of equipment” was to blame for a massive oil spill along the Gulf Coast, where President Barack Obama was headed for a firsthand update on the slick creeping toward American shores.
BP PLC chairman Lamar McKay told ABC’s “This Week” that he can’t say when the well a mile beneath the sea might be plugged. But he said he believes a 74-ton metal and concrete box – which a company spokesman said was 40 feet tall, 24 feet wide and 14 feet deep – could be placed over the well on the ocean floor in six to eight days. More>>>