What’s happening in the oil industry: Latest update
The Latest on the BP spill and the response to it in the U.S. and Canada (all times local):12:35 p.m.
The U.N. says oil companies and environmental groups are trying to portray the BP oil spill as a crisis overblown.
The agency said the companies, including Exxon Mobil Corp., Chevron Corp., BP and ConocoPhillips Inc., are trying “to paint the issue as a humanitarian disaster, not a criminal one.”
The agencies said it is not clear that the spill was caused by human activity.
Learn more or change your cookie settings.12:10 p.k.
President Donald Trump said Monday that “oil companies and their lobbyists” have created a false narrative about the spill that distracts from the truth.
Trump tweeted that he’s “very happy” with the way things are going in the Gulf Coast and said that the response is being “slow.”
But he said the oil companies’ efforts to “make the media into a political issue” is “unacceptable.”
The president added that the industry “will have to get better at telling the truth.”
He said “the media has gotten it completely wrong” in its coverage.
The president also called on the oil and gas industry to come to terms with what they did wrong.
The oil spill in the Persian Gulf that has killed 11 workers and contaminated the area with oil has forced oil producers to drastically reduce the amount of crude they can pump.
Oil companies have also been grappling with rising costs to transport oil.