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Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries
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Run to Failure - BP and the Making of the Deepwater Horizon Disaster (Hardcover)
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Run to Failure - BP and the Making of the Deepwater Horizon Disaster (Hardcover)
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Two decades ago, British Petroleum, a venerable and storied
corporation, was running out of oil reserves. Along came a new CEO
of vision and vast ambition, John Browne, who pulled off one of the
greatest corporate turnarounds in history. BP bought one company
after another and then relentlessly fired employees and cut costs.
It skipped safety procedures, pumped toxic chemicals back into the
ground, and let equipment languish, even while Browne claimed a new
era of environmentally sustainable business as his own. For a while
the strategy worked, making BP one of the most profitable
corporations in the world. Then it all began to unravel, in felony
convictions for environmental crimes and in one deadly accident
after another. Employees and regulators warned that BP's problems,
unfixed, were spinning out of control, that another
disaster--bigger and deadlier--was inevitable. Nobody was
listening. Having reported on business and the energy industry for
nearly a decade, Abrahm Lustgarten uses interviews with key
executives, former government investigators, and whistle-blowers
along with his exclusive access to BP's internal documents and
emails to weave a spellbinding investigative narrative of hubris
and greed well before the gulf oil spill.
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