Archives For Risk

What is risk, how dow we categorise it and deal with it.

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Well if news from the G20 is anything to go by we may be on the verge of a seismic shift in how the challenge of climate change is treated. Our Prime Ministers denial notwithstanding :)

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A report issued by the US Chemical Safety Board on Monday entitled “Regulatory Report: Chevron Richmond Refinery Pipe Rupture and Fire,” calls on California to make changes to the way it manages process safety.

The report is worth a read as it looks at various regulatory regimes in a fairly balanced fashion. A strong independent competent regulator is seen as a key factor for success by the reports authors, regardless of the regulatory mechanisms. I don’t however think the evidence is as strong as the report makes out that safety case/goal based safety regimes perform ‘all that better’ than other regulatory regimes. Would have also been nice if they’d compared and contrasted against other industries, like aviation.

Well it was either Crowley or Kylie Minogue given the title of the post, so think yourselves lucky (Image source: Warner Brothers TV)

Sometimes it’s just a choice between bad and worse

If we accept that different types of uncertainty create different types of risk then it follows that we may in fact be able to trade one type of risk for another, and in certain circumstances this may be a preferable option.

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A quick report from sunny Manchester, where I’m attending the IET’s annual combined conference on system safety and cyber security. Day one of the conference proper and I got to be lead off with the first keynote. I was thinking about getting everyone to do some Tai Chii to limber up (maybe next year). Thanks once again to Dr Carl Sandom for inviting me over, it was a pleasure. I just hope the audience felt the same way. :)

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Interesting article on old school rail safety and lessons for the modern nuclear industry. As a somewhat ironic addendum the early nuclear industry safety studies also overlooked the risks posed by large inventories of fuel rods on site, the then assumption being that they’d be shipped off to a reprocessing facility as soon as possible, it’s hard to predict the future. :)

And in news just to hand, the first Ebola case is reported in the US. It’ll be very interesting to see what happens next, and how much transmission rate is driven by cultural and socio-economic effects…

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Dear AGL,

I realise that you are not directly responsible for the repeal of the carbon tax by the current government, and I also realise that we the voting public need to man up and shoulder the responsibility for the government and their actions. I even appreciate that if you did wish to retain the carbon tax as a green surcharge, the current government would undoubtedly act to force your hand.

But really, I have to draw the line at your latest correspondence. Simply stamping the latest bill with “SAVINGS FROM REMOVING THE CARBON TAX” scarcely does the benefits of this legislative windfall justice. You have, I fear, entirely undersold the comprehensive social, moral and economic benefits that accrue through the return of this saving to your customers. I submit therefore for your corporate attention some alternatives slogans:

  • “Savings from removing the carbon tax…you’ll pay for it later”
  • “Savings from removing the carbon tax…buy a bigger air conditioner, you’ll need it”
  • “Savings from removing the carbon tax…we also have a unique coal seam investment opportunity”
  • “Savings from removing the carbon tax, invest in climate change!”
  • “Savings from removing the carbon tax, look up the word ‘venal’, yep that’s you”
  • “Savings from removing the carbon tax, because a bigger flatscreen TV is worth your children’s future”
  • “Savings from removing the carbon tax, disinvesting in the future”

So be brave and take advantage of this singular opportunity to fully invest your corporate reputation in the truly wonderful outcomes of this prescient and clear sighted decision by our federal government.

Yours respectfully

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