Preparation key for pipeline's management of large spill, explosion

06/07/2004
A significant pipeline spill or explosion can cause substantial damage to a company. The company's ability to avoid damage to stock value and reputation or a potentially catastrophic damage award by a court or jury will depend on proper preparation that addresses not only safety systems and regulatory compliance but also anticipated litigation.If considerations of such issues and related strategy are deferred until the immediate rush to respond is over, critical mistakes may have already occurred, making a bad situation worse.Actions taken without consideration of possible litigation implications can result in the loss of key evidence or, worse yet, hand opponents new and powerful amm...
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