Jun 2: BP in big trouble

The Obama administration on Tuesday revealed criminal and civil investigations into BP’s operations in the Gulf of Mexico, vowing to use “the full extent of the law” to hold the British oil company responsible for the April oil spill, the largest in US history. Vincent Boland, Lex writer, tells Daniel Garrahan, that in the wake of this political rhetoric there is a real danger that BP could lose its position in the US.