Tony Hayward Gets His Life Back
Remember when Tony Hayward said he wanted his life back, shortly after BP unleashed 4.9 million barrels of oil into the Gulf of Mexico? Well, first the wayward CEO was relocated to Siberia. But then he was released, with a severance package worth at least $1.56 million salary. Now he appears to be getting his life back up in the wilds of northern Minnesota.
As MinnPost's Don Shelby reports today, Hayward has been hired as the head of environment and safety at Glencore, the multinational mining and commodities trading company. Glencore, perhaps best known because it was founded by Marc Rich, the wealthy Democratic donor indicted for violating federal law in making oil deals with Iran, who was pardoned by Bill Clinton on his last day in office.
As Shelby notes, Glencore recently became the principal investor in a hard rock mining operation in Hoyt Lakes, Minn. This is probably bad news for the Land of 10,000 Lakes—just like his reign at BP was for the Gulf of Mexico. From the piece:
Iron mining and northern Minnesota have gone hand in glove for a century. But the proposed PolyMet mine in Hoyt Lakes is a different animal. It is called hardrock sulfide mining. It will be going after copper and nickel and precious metals. It promises jobs in a job-starved part of our state. But there are two things you should know about hardrock sulfide mining. The first thing is that the Environmental Protection Agency says hardrock mining generates more toxic waste than any other sector of the U.S. economy. The second thing you should know is that the history of this sort of mining shows that when the metals run out, the companies decamp. The real pollution starts after they leave with the winnings, go broke, or sell out.
I'm sure all those nice folks in Minnesota will be happy to help Hayward get his life back.