Another Husky oil spill in Saskatchewan. The article suggests that Husky is in financial difficulties and may have reduced maintenance expenditures. There are many companies that are in financial difficulty. Reduction of safety related maintenance is a set up for ruptures. Companies can be overwhelmed by mitigation costs. If they declare bankruptcy, we the public must pay for mitigation. Private corruption results in costs being absorbed into a social burden.
Bigger Fossil Fuel companies have begun to divide their parent companies into “slices”. The slice that contains the most potential for high cost mitigation is set up for immediate bankruptcy. The parent company is absolved from mitigation.
