July 2013, Vol. 240 No. 7


Risky Business: Safety compliance rules are changing. How will you respond?

Every energy company CEO has safety and compliance (or the lack of it) in the back of his mind as he goes through the day. Events like a BP-magnitude disaster conjure up worst-case scenario images of loss of life, federal investigations, CNN and FOX news reports, billions of dollars in fines — and damaged careers. It’s difficult to be confident that your company is prepared for a major incident. After all, who can forget what BP CEO Tony Hayward said to shareholders just a few days before the horrific $30 billion Gulf tragedy: “Safety remains our No. 1 priority, and I’m pleased to report we can see clear progress.” So what can you do to help your

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