BP: “Lack of Business Integrity”?
BP’s strategic focus on cost reductions compromised the implementation of an adequate safety culture resulting in the 2010 drilling rig explosion off the Louisiana coastline:
•Killing 11 workers
•Releasing an estimated 5 million barrels of crude oil into the Gulf of Mexico over the next three months
•Causing the largest environmental disaster in U.S. history
•Costing BP $14 billion for the cleanup alone
Claiming a “lack of business integrity,” the EPA has banned BP from any new contracts with the U.S. government.