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BP barred from government contracts


Posted: Nov 29, 2012

Apropos of recent discussion here on the board. "The United States government has temporarily banned the British oil company BP from new federal contracts, citing the company’s “lack of business integrity "

;

Huh. - RC

[ In Reply To ..]
"In addition to paying the fines and penalties, the company must hire a safety monitor to oversee its deepwater operations, retain an ethics monitor to ensure that company employees do not again skirt federal laws and regulations, conduct safety and environmental audits for each drilling rig, and ensure that all equipment and workers meet federal safety and training standards."

Is it just me, or should these measures have been in place, regardless of whether there was an oil spill? It seems like good safety practice for all oil rigs, in my opinion.

agree; I do believe these measures are in place... - sm

[ In Reply To ..]
It's not unlike OSHA regulation and compliance, for example. OHSA puts measures in place, and when companies are found in violation they are generally placed under heightened scrutiny and put on a tighter leash.

One would wonder how BP managed to circumvent regulatory scrutiny, but certainly they weren't hit with criminal fines for nothing.

It doesn't affect current contracts but turns some big screws anyway. - Good going, Obama administration! nm

[ In Reply To ..]
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