British Petroleum ( Bp )

2547 Words Dec 4th, 2014 11 Pages
BP is a British multinational oil and gas company; whose headquarters is on London. BP developed its reach in America by buying up companies like Standard Oil of Ohio, ARCO and Amoco (Tharoor). “Twenty years ago, BP was nothing like the powerful multinational corporation it is today” (PBS: Frontline). BP became this powerful company by using an ideology known as “run to failure.” In other words, use things until they break in order to save money (PBS: Frontline). Over the years, many oil companies have faced legal problems regarding the meeting of environmental standards, most notably was British Petroleum (BP). In recent memory, British Petroleum (BP) has been facing troubles year in and year out. In 2005, an explosion in Texas City occurred that killed 15 workers. In 2006, over 200,000 gallons of crude oil spilled through pipeline in Alaska (Tharoor). In both incidents, BP tried to cut cost by removing regulated safety measures, but those attempts led to disasters (PBS: Frontline). More recently, in 2010 millions of gallons of oil leaked into the Gulf of Mexico (Tharoor). These incidents led to British Petroleum being charged with various crimes ranging from manslaughter to multiple counts of violations of the Clean Air Act and/or the Clean Water Act.
Texas City Explosion
The Texas City refinery was built in 1934 and was acquired in 1999 by BP as part of $61 billion takeover of Amoco. “Amoco was one of the largest American oil companies, with a very large downstream…
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