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Ethical issues in corporations
Ethical issues in corporations
Ethical issues in corporations
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The Moral problem in the case we are facing is that BP oil company are exploited the people, polluting the ecology, diluting the government guidelines, cheating everyone for their profits is not acceptable on part of giant company like BP .Oil being a natural resource is being extracted by the company for their vested interests neglecting the society and the climate. The food pyramid is getting affected due to its short cuts and lapse in guidelines and total negligence resulting in gross cheating and mass killing of live stocks in sea as well polluting the air. The government intervention at crisis is an example of socialism. BP operations are in more than 100 countries with several reserves are creating chaos for the people working …show more content…
The Deep water horizon catastrophe is the result of the systematic failure within the major corporation to be ethically socially responsible for its stake holders involved. The company clearly mishandled operation of rigs just focussing on profits and neglecting its people. I will employ utilitarian theory as the moral support for this position. The utilitarianism states that we get pride from the acts and deeds. The characteristics of utilitarianism are that the moral good is judged by pleasure (Zuniga y Postigo, G. 2105). Make the best options that help us achieve those goals. Purpose is to maximize the benefits and reduce suffering (Zuniga y Postigo, G. 2105). The best characteristics explained here are we need to stand by the people in order to keep them secured even it costs our life’s and group , society , community , country is more important than the individual (Fieser, J. 2015). This theory though provides insightful perspective to BP practices from a consequential point of view. The theory “Greatest amount of good for greatest amount of people” is well suited when we consider that the company had made many steps to upscale its production at the cost of the lives of people community and live stocks and generated profits and created lot of livelihood to people and created infrastructure for future well being. …show more content…
BP spent millions of dollars per day to clean up the oil spill. It was estimated that BP was spending “$6 million a day on fixing the mess (Grant, J.K. 2011). In 2005, an explosion at BP’s Texas City oil refinery killed 15 people and injured more than180 people. The accident cost the firm US $2 billion in damages and lawsuits (Murry, B. 2010). According to the OSHA (United States Occupational safety and Health Administration) Citations 760 and 761 BP was responsible for wilful and flagrant violations of safety standards. It happened intentionally and showing indifference to its employees and are yet to pay the fines from Texas City explosion. CSR review BP Green washing Tulane Law review Dodd-Frank act whose role is to evaluate the company fraudulent claims of CSR (Cherry, M. A., & Sneirson, J. F. 2010). An approximated $134 million BP plans spend to address the damage it caused for the Deepwater Horizon Resource Damage Assessment Trustees that include to restore habitats for ospreys and other birds, protect sea turtles and rebuild fish populations ( Thompson, A. 2010). Explosion of BP refinery in Texas that caused 100 injuries and 15 deaths in 2005.Criminal charges due to spread of 270,000 gallons of crude oil in Alaskan tundra in 2006.Toxic spill of 2,000 gallons of methanol in the oil
Ethical issues in this case are the impact on tourism industry of Gulf of Mexico and its beaches, unemployment around area because of closure of business, wildlife and the environment destruction and concerned with human health and post incident trauma. It has been almost year but world is still recovering from the devastation of disastrous oil spill. It destroyed the environment and wildlife all over the place and its total impact is still unknown. Environmental impacts may be noticeable for years to come.
In 2010, there was a huge oil spill near the Gulf of Mexico that we now know as the BP Oil Spill today. The Spill sent about 170 million barrels of crude oil into the Gulf of Mexico. The spill killed 11 men aboard the deep-water Horizon. The BP Oil Spill impacted the environment very negatively. There were different types of environmental impact as a result of the Oil Spill, but the two that grabbed my attention the most are the Polluted Air and the Contaminated Food Chain. The first impact that grabbed my attention was the Polluted Air. Because of the Oil Spill, the air around the surroundings neighborhoods was polluted. All the lightest chemicals in the oil that had spill evaporated within hours of the incidence forming air pollution particles. These particles that are in the air poses significant threats to the human health from being inhaled. The chemical found in the particles that was formed is known as Volatile, which has been known to cause respiratory irritation and central nervous system depression (Solomon & Janssen, 2010). The second impact that grabbed my attention was the contamination of the food chain, specifically the food chain of sea animals that lives near the Gulf of Mexico. Scientists found traces of oil in zooplanktons; this could only mean that the sea creature has had contact with the spilled oil. According to the Staff at Houston Business Journal (2012), “Baby fish and shrimp feed on the tiny, drifting zooplankton, and then introduce contamination and pollution to the larger sea creatures in the food web.” With these findings, it isn’t going to take long before the baby fishes become grown and caught by fishermen and before we know it, it’s on our dinner plate. And here we are eating fishes w...
Smith Jr., Lawrence C., L. Murphy Smith, and Paul A. Ashcroft. "Analysis Of Environmental And Economic Damages From British Petroleum's Deepwater Horizon Oil Spill." Albany Law Review 74.1 (2011): 563-585.Academic Search Complete. Web. 17 Feb. 2014.
This is not the first time that BP is at fault. They have had criminal convictions in places such as Endicott Bay in Alaska, Texas City and Prudhoe Bay. Jeanne Pascal was a part of the Environmental Protection Agency (EPA) and was assigned to watch over BP. Pascal was watching over companies such as BP that were facing debarment. Under her watch, BP was charged with four federal crimes. Over the past twelve years, Pascal’s seen BP patterns as misconducts. She attempted to warn the government about BP’s safety and environmental issues that would most likely lead to another disaster. While she was watching over BP, the company misinformed and misled her about things that resulted to the felonies that they have committed. Sensing that some things were not right about the company, she presented a case of their unsafe working environments.
“On March 23, 2005, at 1:20 pm, the BP Texas City Refinery suffered one of the worst industrial disasters in recent U.S. history. Explosions and fires killed 15 people and injured another 180, alarmed the community, and resulted in financial losses exceeding $1.5 billion.” (U.S. Chemical Safety and Hazard Investigation Board, 2007) There are many small and big decisions and oversights that led to the incident. Underneath all the specific actions or inaction is a blatant disregard for addressing safety violations and procedures that had been pointed out to BP even years before this event. The use of outdated equipment and budget cuts also contributed to the circumstances that allowed this accident to happen.
Baird, (in Easton 2013) argues in favor of drilling offshore for oil, saying that the benefits outweigh the environmental impacts, and how it is necessary to please popular demand. He also talks about how it is impossible for us to become entirely independent of foreign countries for oil, yet we still need to drill offshore to regulate prices and maintain the growing demands. The major weaknesses in this argument are how it focused too much on popular demand for oil rather than ethical concerns and how it downplays the possibilities of alternative fuel sources in the near future. Ethical concerns that Baird neglects include the impacts on the environment as well as the safety of the workers, as accidents such as blowouts and spills are very common in offshore drilling, which harm workers and devastate the local environment. This makes Barid's argument less effective, because while his main concern is money and popular opinion, accidents and environmental concerns can end up being very costly, and alternative fuel sources are becoming more and more popular.
In April 2010, a gas release and consequent explosion occurred on the Deepwater Horizon oil rig located in the Gulf of Mexico, which BP was leasing from Transocean, a Swiss company. The explosion killed 11 workers, injured 17 others, and dumped
The explosion killed 11 people while injuring 17 others. Underwater cameras revealed the BP pipe was leaking oil and gas on the ocean floor about 42 miles off the coast of Louisiana. By the time the well was capped on July 15, 2010 (87 days later), an estimated 3.19 million barrels of oil had leaked into the Gulf ("Gulf Oil Spill"). 16,000 total miles of coastline have been affected, including the coasts of Texas, Louisiana, Mississippi, Alabama, and Florida. A method of treating the oil spill is in-situ burning or burning oil in a contained area on the surface of the water, which has negative effects on the environment such as plant damage, long-term impacts on vegetation, and residues that are difficult to remove. Responders also used 5.5 million feet of boom, a barrier placed in water, to collect and absorb oil ("11 Facts About the BP Oil Spill"). Over 8,000 animals (birds, turtles, and mammals) were reported dead just 6 months after the spill, including many that were already on the endangered species list ("11 Facts About the BP Oil
The Political, Social, and Legal Environment of Business. Case Study Analysis: Union Carbide Corporation and Bhopal. A single slip in action may cause lasting sorrow. A slight mistake in operation at a Union Carbide pesticide plant in Bhopal, India, caused a lot of deaths and injuries. What a tragedy it is.
Merrill A. “Pete” Miller Jr. is second member of the audit committee with five years of experience on Chesapeake’s Board of Directors. His education stemmed from U.S. Military Academy at West Point where he got his degree in Applied Science and Engineering. After serving five years in the United States Army, he went back to school and attained his MBA from Harvard Business School in 1980. Since that time, Mr. Miller has had various executive positions in drilling companies that work with oil and gas wells. He worked at Anadarko Drilling company for fifteen years before being promoted to CEO for a year. He then joined, National Oilwell Varco, Inc., a leading company in drilling solutions with operations globally. While he started at National Oilwell Varco, Inc. as a V.P. of Marketing, Mr. Miller continued to be promoted to various
On April 20, 2010, the Deepwater Horizon oil rig, located in the Gulf of Mexico exploded killing 11 workers and injuring 17. The oil rig sank a day-and-a-half later. The spill was referred to as the Deepwater Horizon oil spill, BP oil spill, Gulf of Mexico oil spill, and BP oil disaster. It was first said that little oil had actually leaked into the ocean but a little over a month later the estimate was 12,000-19,000 barrels of crude oil being leaked per day. Many attempts were made to stop the leak but all failed until they capped the leak on July 15, 2010, and on September 19 the federal government declared the well “effectively dead.” In the three months that it took to finally put a stop the leak, 4.9 million barrels of oil were released into the ocean. The spill caused considerable damage to marine and wildlife habitats and the Gulf’s fishing and tourism industries. The White House energy advisor, Carol Browner, goes as far to say that the Deepwater oil spill is the “worst environmental disaster the US has faced.”
On a Monday afternoon, A couple of friends and I drove about forty-five minutes to El Dorado to see a movie. A movie in which we didn’t know anything about. None of us had even seen the trailer. I sent my friend a link to the movies that were showing at the cinema in El Dorado, and she had chosen Deepwater Horizon solely on the fact she liked the actors that had been cast for the movie. A few of these actors included Mark Wahlberg and Kate Hudson. Deepwater Horizon, as I came to find out on the car ride there, is about the most devastating oil spill in United States history. Since this event occurred only roughly six years ago, I recognized it after my friend called it the BP oil spill. Growing up in south Arkansas, I know many people that work on oil rigs so the spill was something that came close to home. The movie portrays the events leading up to the rig explosion and the aftermath concerning the people aboard the rig.
1. What external environment (general, industry and competitive) segments do you think BP considered or did not consider prior to their drilling off the Gulf coast. What should the wedding business owners now consider in their external environment?
Performance management is crucial for an organization going through transition especially since employees are the most affected. Most of the employees are undergoing a career crisis since most them have to adjust personally and professionally to the new work environment, an obligation that is not that easy but has to be implemented if one wishes to keep their job. BP Oil on the other hand, has the mandate of helping their employees in the transitional period since the employees need some time to adjust to their new working environment. It is for this reason that the management of the organization is mandated to practice efficient transitional management otherwise it will lose many employees both skilled and none skilled
The world wide oil industry supplies mankind with many life improving products and services. At the same time these technological advances challenge us with numerous ethical considerations.