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Drowning in Oil
 

Drowning in Oil

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Drowning in Oil, by award-winning Houston Chronicle business reporter and columnist Loren Steffy--considered by many to be the writer with the best access to the story--is an unprecedented and ...

Drowning in Oil, by award-winning Houston Chronicle business reporter and columnist Loren Steffy--considered by many to be the writer with the best access to the story--is an unprecedented and gripping narrative of the Deepwater Horizon catastrophe and how BP's winner-take-all business culture made it all but inevitable.

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Drowning in Oil Drowning in Oil Presentation Transcript

  • Drowning In Oil BP and the Reckless Pursuit of Profit by Loren C. Steffy
  • Deepwater Horizon April 20, 2010 The catastrophic oil spill in the Gulf of Mexico is the most devastating in along line of British Petroleum accidents that have resulted in death, injuries, lost livelihoods, and destruction. Drowning in Oil by Loren C. Steffy
  • A Single Rare Incident? The Deepwater Horizon disaster wasonly part of a larger pattern of cost-cutting, image-making, and winner-take-allcorporate culture that compromised safety across BP’s operations for years. Drowning in Oil by Loren C. Steffy
  • In 2005, government inspectors found only one safety violation at Exxon’s refineries – at BP, they found more than 700. It now led the U.S. in refinery deaths.
  • Dollars and Sense• BP internal communications presents a chilling analysis viewing the cost of safety measures vs. the cost of human lives.• An internal email outlined disaster scenarios like the houses built in the “Three Little Pigs.”• BP refused to modernize pipe systems which led to corrosion and leaks along with delaying maintenance of known defective alarms. Drowning in Oil by Loren C. Steffy
  • BP was consistently fined for breaching health and safety regulations, resulting in millions of dollars. Drowning in Oil by Loren C. Steffy
  • Critical tests may have prevented the explosion on the Deepwater Horizon.The tests would have cost about $100,000. Drowning in Oil by Loren C. Steffy
  • Who’s to Blame? BP consistently blamed low-levelpersonnel for failures that led to accidentsin an attempt to exonerate responsibility. Drowning in Oil by Loren C. Steffy
  • “Errant employees aren’t the root cause of an accident but rather a symptom of the cause.” - The Center for Chemical Process Safety Drowning in Oil by Loren C. Steffy
  • Former BP CEO John Browne, “the Sun King”instituted top-down demands to cut costs and a stifling environment of intimidation. Drowning in Oil by Loren C. Steffy
  • Tony Hayward extended Browne’s agenda tobecome one of the most hated men in the U.S.Can new CEO Bob Dudley really change BP’sculture as his management team is drawn from the insular ranks of longtime BP employees? Drowning in Oil by Loren C. Steffy
  • Drowning in Oil is the first in-depth examination of how a lack of corporate responsibility and government oversight led to the biggest offshore oil spill in U.S. history.*Quotes and facts in this presentation are the expressed views of Drowning in Oil by Loren Steffy and do not necessarily reflectthe views or policies of FSB Associates. Copyright ©2011
  • Watch the book trailer Join the community on Purchase the bookPublished by: McGraw-Hill
  • Drowning in Oil: BP and the Reckless Pursuit of Profit by Loren C. Steffy Loren C. Steffy is the business columnist for the Houston Chronicle. He has been recognized by the Society of American Business Editors and Writers, the Associated Press Managing Editors, the Houston Press Club, and other societies and organizations. In addition, his work has been cited in publications, including the New York Times, the Washington Post Online, and Texas Monthly, and hes made numerous appearances on CNBC, FOX News, MSNBC, The NewsHour with Jim Lehrer, and Court TV. He lives in The Woodlands, Texas.
  • This presentation was created by: www.FSBAssociates.com |