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New Era, New Responsibilities

Bp's Responsibilities And The Energy Industry's Responsibilities

Thank you for that welcome. I very much appreciate the invitation by CERA to speak to you all here today. CERA has been a part of our industry for such a long time, and it is a privilege to be here.

Let me start by saying that no one is more conscious than I am, in some ways, of the unique responsibility Ibring to this podium today on behalf of my company - BP.

Last year, our company was involved in an accident that triggered a major spill, led the U.S. government to shut down the deepwater drilling in the Gulf of Mexico, and most importantly, cost the lives of 11 men.

No matter what else we recall about this accident, thatwill always remain our most grievous loss, the lives of friends and family members we will never get back.

Since that accident, this is the first chance I have had to address such a large gathering of industry colleagues and the first thing I want to say is that I am sorry for what happened last year.

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