What we should learn from catastrophic incidentsCornelia MeyerA cleanup worker uses high pressure, high temperature water to wash crude oil off the rocky shore of Block Island in Alaska after the Exxon Valdez spill in 1989. These instances are usually related to issues of health, safety and the environment (HSE). These incidents highlighted that companies should look at full lifecycle costs of assets rather than merely at what it takes to build and operate them. A tragic accident does not only have potentially devastating effects on the environment or loss of life, it also affects the valuation of the company. They are big, essentially well-run companies that were able to learn from what went wrong.

Source: Ethiopian News April 09, 2019 20:26 UTC