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Coming to think? Here, let me help you along. A mining company or an oil company can ensure highest profits by cutting corners (on worker safety, on disposal of
by locopati 14y ago
Coming to think? Here, let me help you along. A mining company or an oil company can ensure highest profits by cutting corners (on worker safety, on disposal of toxic waste, on the rights of those around them). Those profits come at the expense of the workers, the people who live near the facilities, the environment around those facilities. Examples are almost too numerous, so I'll give a few recent ones: Massey Energy in West Virginia, BP in the Gulf of Mexico, Royal Dutch Shell the Niger Delta of Nigeria.
- kevinburke 14y agoOil companies have reputations, and are playing repeated games, not just one off games... in addition they have incentives not to behave this way, such as the large fine and giant loss in shareholder value after BP spilled oil into the Gulf.
- enneff 14y agoHa ha. Imagine a world where multinationals are held accountable for their mistakes! It took an error the size of the Gulf incident to even draw the public attention. Meanwhile in Nigeria there are hundreds of square kilometres of devastated landscape because of oil company shortcuts. Nobody cares about environmental destruction in far away places. The oil companies have no incentives not to cut corners there.