Yeah, I had to read this more than once also. From Olmert: No Palestinian "Right of Return":
Click here and here to read more about the Saudi initiative.
Prime Minister Ehud Olmert told the Jerusalem Post that Israel would not accept the return to Israel of any Palestinian refugees. It is "out of the question," he said. "I'll never accept a solution that is based on their return to Israel, any number." Olmert also said Israel would not recognize a "right of return." "I will not agree to accept any kind of Israel responsibility for the refugees," he said.
The initiative adopted Thursday by the Arab League was the same one passed in Beirut in March 2002, commonly known as the Arab Peace Initiative. It is not, however, identical with the so-called Saudi initiative from a month earlier that did not mention the refugee issue. "The Saudi initiative looks better in this respect than the Arab initiative," Olmert said.