MNCs are hailed as national treasures in some countries; but their devil-may-care attitude results in many tragedies – both industrial and health – making them reasons for global shame
Bhd. at Sungai Buloh, Malaysia in 1991, causing 22 deaths and injuring 103, Bright Sparkles remained lukewarm in helping victims and their families and compensating the environmental damages it has caused. The lethal leak of phosgene gas in a Thai petrochemical company, Thai Polycarbonate Co., which killed only one but injured over hundreds, evoked almost no unified response, despite shocking proof being there of repeated calls earlier on warning of a possible leak. And the fiery explosion at one of the largest oil refineries of British Petroleum in Texas City in 2005, is another example of such unabashed irresponsibility. Well, BP has had a sparkling record of fatal accidents for the last few decades. Honourably so, it is the eighth largest polluter in the US, releasing over 5.1 million tonnes of pollutants with many harmful toxic gases like carcinogens, causing serious health ill-effects to 30,000 people living within three mile radius of its units. But while FBI investigation and imposition of new laws and fines continues, BP operates mercifully at worse levels.
On another front, Nigeria has redefined corporate social irresponsibility. Companies like Shell, ExxonMobil and Chevron are reaping off the nation’s oil industry but continue showing deliberate negligence to protecting the environment, human life and the locality which have been affected by the gas leakage and flares in their plants or refineries.
Protocols like the Kyoto one are more stupidly chivalrous rather than being autocratically (and logically) regulatory. International agencies have to necessarily regulate MNCs with an iron hand, than play to the lobby gallery.
On another front, Nigeria has redefined corporate social irresponsibility. Companies like Shell, ExxonMobil and Chevron are reaping off the nation’s oil industry but continue showing deliberate negligence to protecting the environment, human life and the locality which have been affected by the gas leakage and flares in their plants or refineries.
Protocols like the Kyoto one are more stupidly chivalrous rather than being autocratically (and logically) regulatory. International agencies have to necessarily regulate MNCs with an iron hand, than play to the lobby gallery.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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