What Oil Spill? Transocean Hands Out Bonuses for Best Safety Year Ever
Posted on Apr 3, 2011
Even Wall Street executives have to be smacking their heads over this one. The company that ran the Deepwater Horizon oil rig (before it exploded, killing 11 and filling the Gulf of Mexico with oil) has decided to give its executives bonuses for achieving “the best year in safety performance in our company’s history.” There are no words ...
(As of this posting, we’re still waiting for Transocean’s safety report to finish loading. In the meantime, we’re getting our quote from the BBC, which has read the document.) —PZS
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.
U.S. Coast Guard