'This Week' Transcript: McKay, Napolitano, Salazar and Allen

MCKAY: I think we're, as we said from day one, we're throwing every resource that we've got at this, and this is now an industry effort. It's not just a BP effort. It's an effort in conjunction with the government. And I think the partnership that we've got between industry and the government has rallied an effort that is unprecedented in size, and I think that that effort is actually working pretty well. It will continue to be flexed and expanded where it needs to, and I think, you know, the point here is we are doing everything possible that we know of -- and I believe I'm talking about the collective we here -- to control the source first. That's our first priority. While in parallel, fighting the thing offshore as far as -- as far as possible and as effectively as possible, and then dealing with the cleanup and issues and impacts on shore should they occur.

TAPPER: Your company, BP, has a spotty safety record, most horrifically in 2005, an explosion at a refinery in Texas that killed 15 workers; other incidents involving leaks have been blamed on cutting corners on financial reasons. How confident are you that this accident had nothing to do with cutting back on safety to save a buck?

MCKAY: Well, the investigations are going to show the cause of this accident, and we want those investigations to be done. My belief that is that that does not have anything to do with it. I believe we've got a failed piece of equipment. We don't know why it failed yet in this contracted rig, and BOP system will figure that out.

But let me just tell you, our focus, our focus right now is dealing with the source of the oil, dealing with it on the surface, and dealing with it on the beach or the marsh if it occurs.

TAPPER: Your initial filing to the government, to the Mineral Management Service for 2009 before you drilled on this spot made this assessment, quote, "An accidental oil spill could cause impact to the beaches. However, due to the distance to shore, 48 miles, and the response capabilities that would be implemented, no significant adverse impacts are expected. BP Exploration and Production Incorporated has the capability to respond to the maximum extent practicable to a worst-case discharge," which you estimated at 300,000 gallons. It's less than that, it's estimated to be 210,000, and yet BP does not seem to have the capability to respond. How can the public trust BP's assessments of risk and how can the public trust anything you guys say?

MCKAY: Well, I think we are responding very, very aggressively. As you may know, we had a response planned, filed for the drilling of this well that incorporates various capability around the Gulf Coast. That spill response plan was activated as soon as this event occurred. It has been extremely aggressive. It will continue to be extremely aggressive, and I believe the response -- this is, you know, we must understand, this is -- this is a very low likelihood but very high impact response -- sorry, incident -- and the response is matching that incident.

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