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It's Time To Take Loss Control Seriously

In an environmentally risky business such as oil drilling, there can be little margin for error.

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In an environmentally risky business such as oil drilling, there can be little margin for error. And if there is a catastrophic failure, there had better be a very good–and tested–contingency plan in place. Yet with the BP oil spill, it appears that risk management and contingency planning were non-existent.

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