Thursday, May 20, 2010

Quote of the Day

BP CEO Tony Hayward on the impact of the oil spill on the environment:

I think the environmental impact of this disaster is likely to be very, very modest. It is impossible to say and we will mount, as part of the aftermath, a very detailed environmental assessment as we go forward. We’re going to do that with some of the science institutions in the U.S. But everything we can see at the moment suggests that the overall environmental impact of this will be very, very modest.

That’s like saying the Titanic made a “modest course correction” during its maiden voyage in 1912.