The U.S. Chemical Safety Board (CSB) recently released a document, "Business Case for Safety", summarizing the investigations and costs of four major accidents. For each accident, the document summarizes what happened, the number of casualties and injuries, estimated costs, and key findings and recommendations.
The four major accidents disccused, and their costs:
Explosion at Fertilizer Storage Facility (West, Texas) | April 17, 2013
Refinery Explosion (Richmond, California) | August 6, 2012
Deepwater Horizon/Macondo Well Blowout (Gulf of Mexico) | April 20,2010
Texas City Refinery Explosion (Texas City, Texas) | March 23, 2005
"The Business Case for Safety" was published approximately 1 month after a budget proposal was released by President Donald Trump that would eliminate the CSB. In conclusion, the document makes a case for why the CSB is critical to chemical safety, stating, "If the CSB’s many safety lessons prevented at least one catastrophic incident, the money saved by preventing damage to the facility and surrounding community, avoiding legal settlements, and saving human lives far outweighs the agency’s $11 million annual budget. Safety and prosperity are compatible. Strong safety programs are critical for the economic success of the chemical and petrochemical industries. The CSB’s continued collaboration with industry, regulators, standards setting bodies and other professional organizations proves that the CSB has a vital role in driving critical chemical safety change in the United States."To find out more about this topic, click here.