#18962
atmos
Participant

No. The point is: asking BP to fund an independent, indirect economic study to account for externalities such as the natural environment and local economies that may be disrupted is the way to do business in the modern age.

BP will have to mitigate the extended risks with protective measures before going ahead otherwise the risks will be too great to green light the project. If that makes the project infeasible then the project should be put on hold indefinitely until new technologies can make the operation safer. Most likely, it will simply force BP to invest more capital and time in engineering.

And in the case of a disaster, it will help victims seeking compensation for damages win lengthy legal battles with the energy giant since the risks will be well documented.