Reid: BP's 'greed' caused oil spill

[kpete]

Source: The Hill

Reid: BP's 'greed' caused oil spill
By Eric Zimmermann - 05/17/10 02:27 PM ET

The "greed" of BP executives led directly to the oil spill in the Gulf of Mexico, Majority Leader Harry Reid (D-Nev.) charged Monday.

Reid linked the oil spill to the mistakes of Wall Street during a floor speech on financial reform.

"Wall Street isn’t the only place where a reckless pursuit of profits has proved destructive," he said. "In the weeks since the Deepwater Horizon explosion, as much as 20 million gallons of oil have spewed into the Gulf of Mexico."

He continued: "Their greed led to 11 horrific and unnecessary deaths. It has harmed an enormous tourism industry, threatened business at countless fisheries and disrupted life for many along the Gulf Coast. As the pollution grows worse, those consequences will only compound."



Read more: http://thehill.com/blogs/e2-wire/677-e2-wire/98193-reid-bps-greed-caused-oil-spill