One thing at least is certain after BP’s makeover of the Gulf of Mexico into a sludge pit: corporate self-regulation and public oversight have failed. We need to rethink how companies operate in a fragile world…“Corporate social responsibility” refers to a company’s duty beyond the technical requirements of national laws and regulations to comply with global principles of human rights, fair labour, environmental protection…The United Nations Global Compact…enshrines and promotes these principles…As a result, a new regime of self-regulation guided by voluntary principles has emerged with the blessing of the UN and many governments…But egregious assaults on civilian populations, the environment and workers’ rights continue…We desperately need companies that pursue the common good, not only through contributions to free markets but also through CSR…[W]e need tougher enforcement of CSR…[refers to BP, Chevron, Halliburton, Transocean]