Tankerload of Troubles Sullies the Browne Halo

Summary


PUBLICITY is all very well, as long as you don't inhale.

It's scarcely six months since Lord Browne was voted, yet again, Britain's most brilliant businessman, thanks to the way he had transformed BP from one of the seven sisters into one of the giant triplets which now dominate the oil industry in the West.

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Extract


Tankerload of Troubles Sullies the Browne Halo

Here was the man who could do no wrong, and the woes of Shell, with its reserves reporting scandal, merely highlighted the contrast between the two massive companies.

How different it looks today. Shell's scandal has turned out to be rather less shocking than it looked at first sight, while BP has proved once again that trouble...

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