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Tony Hayward ‘in talks to head new oil company’
Business digest: Former BP CEO reportedly targeted by new company backed by Abu Dhabi
Tony Hayward, the former CEO of the BP, is in talks to head a new global fossil fuels company, it has emerged. The new company would be backed by one of Abu Dhabi's state-backed investment funds, such as the $800bn (£496bn) Abu Dhabi Investment Authority sovereign wealth fund (ADIA).
Hayward, who was forced to leave his job with BP last year after the Deepwater Horizon disaster, reportedly has a strong relationship with Abu Dhabi's crown prince, Mohammed bin Zayed bin Sultan al-Nahyan.
Neither ADIA nor Hayward has commented on the reports, but if they should prove unfounded, the former BP man has supposedly been considering a number of other job opportunities, including one with commodities trader Glencore.
Read a full report at the Daily Telegraph. ·
