Time limit on claims against bp

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BP is renowned as an industry leader in oil production and the refinement of oil related products such as gasoline, kerosene and motor oil products. In 1999, BP acquired American Oil Company, also known as AMOCO. Part of the acquisition included the Texas City Oil Refinery which was over 70 years old and had been noted as having a history of safety issues. Due to BP's lack of focus on the safety issues presented in the 2004 Telos Group report coupled with the lack appropriate oversight and control, the Texas plant experienced a disastrous fire and explosion killing 15 workers and injuring 170 other personnel as stated by Halbert and Ingulli (2010) (p. 185). From this event BP faced legal issues with U.S. federal environmental laws (EPA), Occupational Safety and Health Administration (OSHA) and lawsuits from the families of victims, just to mention a few. An investigation by the Chemical Safety and Hazard Investigation Board released a report in 2007 that revealed process safety leadership issues starting with the senior management of BP as well as a disregard of safety concerns throughout the company. It also highlighted safety issues with the Alaskan Pipeline. BP at this point was faced with significant operational challenges and a major issue was a damaged reputation in the oil industry.

1. Should there be a time limit on claims against BP? What is reasonable in your mind?

2. What would you have prescribed as a governmental leader?

Reference no: EM132630109

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