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Monday, November 17, 2014

Making a big deal an even bigger one

Earlier this year, Baker Hughes, a major provider of services for the oil and gas industry,  announced plans to begin disclosing all the chemicals it uses in fracking fluid, without exceptions for trade secrets. The exemplary policy went into effect on October 1st.

Now, another major service company - Halliburton - has purchased Baker Hughes.

At $34.6 billion, this is a big deal.  It would be an even bigger one - for the industry's social license to operate and for public confidence - if Halliburton adopted the Baker Hughes chemical disclosure policy.

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