Protecting Reputation
When Tony Hayward took over as CEO at BP in 2007, he promised he would improve the company's safety record following a 2005 accident at the company's Texas City refinery that had killed fifteen workers and injured 180 others. But the Deepwater Horizon accident that killed eleven oil rig workers and caused the massive oil spill in the Gulf of Mexico in 2010 has put pain to that claim, particularly as it appears that BP was cutting corners on safety to achieve profitability faster. For example, documents were produced by the U.S. Congress House Energy and Commerce Committee showing that only six centralizers were used on the rig, despite a recommendation by Halliburton that the company should use twenty-one centralizers (King ...
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