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BP Revamps Risk Management; Forms Oversight Unit
Sep 29, 2010
In response to the Gulf Coast oil spill disaster in which 11 people were killed, British Petroleum said it is forming a safety and risk unit that will report directly to the company’s incoming chief executive officer. Ceres Director of Oil & Gas Industry Programs Andrew Logan says that BP’s announcement may say more about BP than it does about the industry
BP's Loss is Sustainability's Gain?
Sep 29, 2010
Several lessons have come out of the Deepwater Horizon disaster, not least of which has been how unprepared most investors were for the implications of such an event. Despite several warning signs in BP’s recent environmental record, the scale of the crisis and consequent fall-out for the company has been shocking to most observers.