Ex-CEO says BP was unprepared for oil spill


LONDON: Former BP PLC chief Tony Hayward has acknowledged that the company was unprepared for the disastrous Gulf of Mexico oil spill and the media frenzy it spawned, and said the firm came close to financial disaster as its credit sources evaporated.

In an interview with the BBC broadcast Tuesday, Hayward said the company's contingency plans were inadequate and "we were making it up day to day."

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