BP’s sullied shine

When a string of mishaps strikes a single company, one possible explanation is bad luck. To his credit, Robert A. Malone, chairman and president of BP America Inc., is having none of that. “I don’t believe in bad luck,” he said in written testimony Sept. 7 to the Subcommittee on Oversight and Investigations of the House Energy and Commerce Committee.The committee was probing BP’s pipeline corrosion problems in Prudhoe Bay oil field in Alaska. As Malone acknowledged, suspicion was elevated by earlier troubles: the fatal explosion at BP’s Texas City, Tex., refinery in March 2005, a federal investigation of the company’s LPG trading, the mysterious listing...

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