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Low Sustainability Ratings For Oil And Gas Corporations
By Claus Schafhalter | June 24, 2010
An Oekom Study looking at 27 leading oil and gas corporations rates organizations regarding their sustainability. The study’s authors granted that corporations try to do the right things, however overall their activities are not focused enough and lack tangible results.
On a scale from A+ to D-, the small Austrian company OMV ranked first with a “B”, followed by Snam Rete (Italy) and Total (France). Norway’s Statoil is rated only “C”.
What about the company behind the oil spill in the Gulf of Mexico? BP is also rated “C”, and the authors of the study stated problems with save operation of assets and higher than normal risk for workers to get injured.
While the Deepwater Horizon — the oil rig that exploded and sunk killing 11 people — was owned and operated by Transocean, BP is said to had a major role in making decisions that lead to the tragedy and the catastrophic oil spill that followed. Maybe a “D” would have been in order for BP?
Claus Schafhalter, Management Consultant @ Sunogos
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