The biggest oil companies increasingly seek out the riskiest drilling endeavors, in the most remote and dangerous areas of the world . . . because thats what they have to do to stay on top of the Big Oil competition. The Arctic *seems* like a good sacrifice zone, but oil spills here are even more difficult to grapple with and still have great consequences. Knowledge of the consequences of error is not hard to come by, but the record still shows that Shells risk management is, as always, abysmally lacking. It costs tons of money to drill out here and there are enormous consequences for the world when risky extraction goes awry. NYTimes: Despite spending $6 billion preparing to explore for oil in this remote part of the world, it didn’t plan adequately, and it cut too many corners. According to the Coast Guard, which investigated the Kulluk disaster, not only had Shell’s risk management been “inadequate,” but there also had been a significant number of “potential violations of law and regulations.”
Posted on: Tue, 06 Jan 2015 13:58:59 +0000
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