BP Crisis Take Two

Over the weekend BP completely sealed its ruptured well, beginning the end of the company's oil spill crisis.  In the very last stage of a crisis, a company or individual should be in a learning process.  They should be evaluating how the crisis was handled, if changes need to be made to the crisis plan, and what they can do to make sure that this crisis never happens to them again.  I think that is what BP is doing now, along with cleaning up the Gulf.

Chevron, ConocoPhillips, Exxon and Royal Dutch Shell have joined forces with BP in a $1 billion effort to contain future oil spills.  As part of the effort, BP is making its oil containment equipment available to the other companies operating in the Gulf to help them develop a new rapid response containment system. 

In my opinion, with BP helping other oil companies prepare for spills it is showing that they have really learned from their crisis.  They now know what type of equipment is needed to clean up a huge spill and are taking another step in learning by helping fund research for even better equipment.  I do believe that if BP ever has another crisis like this it will not take them as long as to stop the flow and they will be able to clean it up quicker.  I think this is good for BP because it will help with their public image as well. 

Read the full article here.