10 BP and the Texas City explosion, 2005
The name BP can conjure up many images. It is a heritage brand for some, the cause of the devastation caused by the Deepwater Horizon crisis in the Gulf of Mexico, and at one time considered to be the greenest oil and gas company. In 2005, an accident at its Texas City facility in the United States made many think about how BP’s rise in the oil and gas industry might have come at the expense of safety and the well-being of its stakeholders (Cline, 2010).
Background on BP
In 1901, William Know Case was granted a 60-year concession to search for oil in parts of Persia (modern-day Iran). George Reynolds did the fieldwork for the Anglo-Persian Oil Company striking ...
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