BP's top executives are expected to face questions about past oil industry safety claims later today at a meeting with Nelson, who is backing legislation that would increase the company's financial exposure from the spill.
Nelson also has asked for an inspector general's investigation into the industry's influence over federal regulators. He'll meet with BP CEO Tony Hayward, BP-America Chairman/President Lamar McKay and executive veep David Nagel.
Asked earlier by reporters about the legislation that would hike the $75 million liability cap to $10 billion, Hayward said, "We won’t be entering into that legislative discussion."
Moreover, the BP chief does not seem to think the current cap will really apply at all: "It’s not clear that the cap is particularly relevant," he said. “All legitimate claims for business damages will be honored."
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