Let me think ahead and ask what we might expect from major international oil companies in the wake of the Gulf of Mexico deep oil well blow-out last year. We might expect oil companies to give greater consideration to safety and due process; but we might also expect them to operate through contractors lacking their financial clout. After all, why would you take on such risks when they can be avoided. Why not set up some drilling operational contractor who accepts all the risks; has a limited liability structure, and yet shares the bulk of the oil revenue stream with the major oil company who finances the project.
Just asking the questions I know the government won't ask. Just cynically concluding that business will find a 'loophole' around any government legislation. In 10 years, when there is another oil disaster, you will be criticising a different administration, a different oil company, wondering why these people are not accountable. You most likely will not register the prospect that it is a systematic problem which can be traced to your values and theirs.
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Andrew Sheldon www.sheldonthinks.com
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