Pensions: Deepwater Horizon

Lord Richard Excerpts

Wednesday 9th June 2010 Lords Chamber

[Lord Freud]

My Lords, I understand that the Government are in touch with both the US Administration and BP senior management on a regular basis. Clearly, BP is a private company and one would not want to make public any discussions in that area, whether they were or were not happening.

[Lord Richard]

My Lords, do the Government feel that BP is being fairly or unfairly treated by the Americans?

[Lord Freud]

My Lords, that is a deeply political question. Clearly, the emotions raised in the US by this tragedy are enormous. There will be repercussions in the US and in the world as a whole with regard to attitudes towards oil companies. The best that I can say is that we will be watching this space for months to come.