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8 Jun 2010

Shai Venkatraman, NDTV

Bhopal gas tragedy verdict raises issue of corporate ethics

Post the Bhopal verdict, corporate accountability is now under the scanner like never before…[T]here is widespread outrage that the company responsible for the world's worst industrial disaster got away. Except for India Inc which has stayed largely silent. Not surprising, given the general lack of accountability when it comes to industrial disasters in the country...Contrast this with the harsh criticism British Petroleum is facing for the massive oil spill…The problem is that in India there is no law against large scale industrial disasters… The lack of a clear law has been a blessing in disguise for companies operating in India. Something that activists are hoping will change after the Bhopal verdict. [also refers to Bharat Aluminum Company Ltd (part of Vedanta Resources, Indian Oil]