BP’s Oily Chickens Come Home to Roost
British Petroleum has announced that it has withdrawn its application for permission to search for oil in the arctic waters off the coast of Greenland. The development comes on the heels of an announcement by Cairn Energy that it has found a large deposit and already struck gas in the area. An anonymous source within Greenland’s Bureau of Minerals and Petroleum said that, in considering the request, it was impossible not to also consider the British oil giant’s escapades in the Gulf of Mexico. Both the government and BP agreed that “with the Greenpeace ship already harassing Cairn off Greenland — a company which has an exemplary safety record – everyone realised it would be political madness to give the green light to BP.” The decision is an indicator of the potential long-term repercussions for British Petroleum in the wake of its disaster with the Deepwater Horizon oil platform. Greenland plans to entertain two more rounds of bidding for exploration licences in the next two years, but recent events show how hard it will be for British Petroleum to submit a credible application with any country in the future. The company must now face the possibility of being altogether left out of a new oil rush spooling up in the ecologically fragile arctic.
Business owners and chambers of commerce take note: poorly-drawn or absent emergency response and business continuity plans can have far-reaching ramifications that are capable of haunting an organization’s recovery efforts for years. The Guardian