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“It was a momentous occasion that duly generated masses of news coverage around the world. A Big Oil company had suddenly stopped denying dimate change, apparently subjugating its own business interests to the greater interests of mankind. Browne called it good business. Climate change threatened mankind; ergo, it threatened BP's long-term survival. And while businesses usually tried to shift the cost of tackling broader social ills onto other parties, such as the taxpayer - the economic term was to 'externalise costs' - Browne said BP wanted to fulfil its obligations to society rather than be seen as a 'free rider’.”
Tom Bergin, Spills and Spin: The Inside Story of BP

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