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First Trial Witness: BP Puts Cost-Cutting Over Safety
Feb. 26, 2013 02:08PM PST
Oil and Gas InvestingReuters reported that the first witness for the plaintiffs, Bob Bea, a noted forensic engineer and co-founder of the Center for Catastrophic Risk Management, said there is sufficient evidence that the company prioritized saving time and money, which in turn, sacrificed safety.
Reuters reported that the first witness for the plaintiffs, Bob Bea, a noted forensic engineer and co-founder of the Center for Catastrophic Risk Management, said there is sufficient evidence that the company prioritized saving time and money, which in turn, sacrificed safety.
As quoted in the market news:
Bea said during questioning by Robert Cunningham, a lawyer for the plaintiffs, that he had told BP that “money isn’t everything” and that incentives for major accident prevention should be on equal footing with incentives for profits.