Anyone tempted to indulge in schadenfreude at the discomfort being felt by the top brass at BP over the disaster in the Gulf of Mexico should think again. The Sunday Tribune reports €24m has already been wiped off the value of Ireland’s National Pension Reserve Fund as a result of BP shares going south by 45% since the magnitude of the disaster began unfolding.

Several newspapers report on the latest furore surrounding BP’s chief executive Tony Howard, who is taking time off to attend a yacht race on the Isle of Wight where he is watching his boat ‘Bob’ in the JP Morgan Asset Management Round the Island race.

Clearly, the one man PR disaster who angered Americans by telling them nobody wanted the disaster resolved more quickly than he because “he wanted his life back”, doesn’t intend to put his life on hold any longer.

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