Corporate Greed at its Worst: Transocean Celebrates ‘Exemplary’ Safety Record Despite BP Oil Spill, 11 Deaths

April 4, 2011

(ChattahBox Business News)—They have no shame. And why should they? There is very little accountability for corporate criminal acts against humanity. Profit and greed trumps all. Remember the BP oil disaster? It was one of the worst oil spills in history and 11 oil rig workers lost their lives. But Transocean Ltd., the Swiss-based company responsible for the operation of the Deepwater Horizon oil rig that exploded in the Gulf of Mexico, sees things differently than the rest of humanity. The oil drilling company just celebrated “the best year in safety performance in our company’s history,” and handed out bonuses to its top executives. There are no words.

The toxic oil and chemical dispersants used to dilute the oil is still defiling the Gulf waters, and will for years to come. The commercial fisheries industry in the Gulf states was devastated and may never return to the economic force it was once was, depriving thousands of workers of their livelihoods. Nine of the 11 workers who lost their lives in the entirely “avoidable” explosion of the Deepwater Horizon oil rig, worked for Transocean. The presidential panel tasked with investigating the cause of the BP oil spill, concluded that the Gulf oil disaster was caused by “clear mistakes made in the first instance by BP, Halliburton, and Transocean…” The panel found all three companies responsible for throwing safety out the window in favor of cutting costs.

As ChattahBox previously reported:

“The panel found the problems contributing to the oil disaster were a “failure of management” and “systemic,” concluding that unless a complete overhaul is carried out of “both industry practices and government policies,” another such oil disaster is likely to occur.”

But Transocean is celebrating today.

BBC News reports:

“The company’s annual report acknowledges the explosion on the rig, but goes on to say that it exceeded internal safety targets.”

“Notwithstanding the tragic loss of life in the Gulf of Mexico, we achieved an exemplary statistical safety record as measured by our total recordable incident rate and total potential severity rate,” the report says.

“As measured by these standards, we recorded the best year in safety performance in our company’s history, which is a reflection on our commitment to achieving an incident free environment, all the time, everywhere,” it adds.

Talk about tone-deaf corporate double speak. Despite the loss of 11 lives and its role in causing one of the worst environmental and economic disasters in history, Transocean’s bean counters declare victory, “as measured by our total recordable incident rate and total potential severity rate.”

There are no words.

You can read Transocean’s celebratory annual report here.


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