More on the BP irresponsibility saga. Now we begin to see direct linkage between their evasion of even the most basic duties as a corporate citizen, and the future of their business:
"The EPA said in a statement that, according to its regulations, it can consider banning BP from future contracts after weighing 'the frequency and pattern of the incidents, corporate attitude both before and after the incidents, changes in policies, procedures, and practices.'”
Just to put that ban in perspective, BP is the largest oil and gas producer in the Gulf of Mexico and operates some 22,000 oil and gas wells across United States, many of them on federal lands or waters. They produce 39 percent of the company’s global revenue from oil and gas production each year – $16 billion. Now there's a loss.
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