BP's announcement today, that it would form a new risk management & safety unit reporting directly to the CEO, is good news.
The Safety & Operational Risk function will be authorized to intervene in all aspects of BP's technical activities, BP said. It also will have its own staff of experts, which will be embedded in BP's operating units—including exploration projects and refineries.
The risk and safety unit will be responsible for "nsuring that all operations are carried out to common standards, and for "auditing compliance with those standards," BP said.
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