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A paragraph on oil spillage
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Essay on oil spillage as an environmental issue
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The world’s 3,000 largest companies are causing $2.2 trillion in environmental damage every year according to Greenbiz. The Deepwater Horizon oil spill in 2010 was catastrophic. Millions of gallons of oils spilled from the explosion of the oil drill. The company was not running maintenance checks and fixes. Pressure built up with the drill and the hole they were drilling from could not be closed. So oil kept pouring out for over three months. Spilled approximately 11 million U.S. gallons of oil and considered most damaging oil spill to the environment. A quarter million animals died and billions of salmon and herring eggs died. Today you can still see oil around coastal areas in that region. Contamination of water in Flint and Belmont. Government …show more content…
Nestle is trying to get water from Lake Michigan for dirt cheap and turn around and sell it in California to make an outstanding profit. Nestle can pump up to 400 gallons of water per minute. Chevron contributed to 3.52 percent to global warming emissions and dumped millions of gallons of toxic waste in Ecuador. Was fined $9.5 million for spreading toxins throughout the Amazon river. First company to be fined $2 million in Africa for oil spills. In 2011 a crude oil spill of the coast of Rio de Janeiro and fined $17.3 million by the Brazilian government. ExxonMobil contributes 3.22 percent of global warming emissions. Air pollution is extremely serious and more than half is caused my automobiles according to the Union of Concerned Scientists. Also said that nearly one half of Americans live in areas that do not meet the federal air quality standards. A solution to this problem could be electric cars. Throughout 2017 there has been more releases of electric cars. Tesla is known for their electric vehicles and if they could come up with a cheap reliable car for the majority of Americans. Instead of having a $70,000 car being their cheapest model, maybe they drop a $20,000 car that your average American can afford. After a few years the cars value will go down allowing college and high school students to purchase it. I read an article by Swapna Krishna on Mercedes-Benz and they plan to have an electric version of all their models by
Increasing environmental awareness, coupled with a responsible American government and improved technology, have all contributed to the comeback of low-and zero-emissions vehicles in the US. It remains to be seen whether the automakers and oil companies will once again work to halt this progress, or embrace it as the technology of a more responsible future.
The Deepwater Horizon was a dynamically positioned drilling rig which owned by Transocean and it was chartered to BP from 2008. On April 20, 2010, the offshore oil rig exploded, the explosion was the largest accidental marine oil spill in the history of the petroleum industry as the oil leaked 205.8 million gallons of crude oil into Mexico Gulf Coast and BP spent 86 days to cap the well, stopping the oil flow into Mexico Gulf for the first time. This report covered some facts about the BP oil spill scandal and its influence to stakeholders. The article also includes the analysis of oil spill from accounting, legal, ethical and corporate governance aspects. Furthermore, a comparison between The BP oil spill and Enron scandal is for analyze the similarities and differences of these two cases, and explore any improvement and change on legislation, accounting standards, code of conduct etc. The purpose of this report is reveal to directors what did BP do wrong in the past and what aspect the firm could do better in the future.
The Ocean Ranger The Ocean Ranger was an offshore exploration oil drilling platform that sank in Canadian waters 315 kilometres southeast from St. John's Newfoundland, on the Grand Banks of Newfoundland on February 15, 1982, with 84 crewmembers onboard. The Ocean Ranger was the largest semi-submersible, offshore exploration, oil drilling platform of the day. Built in 1976 by Japan's Mitsubishi Heavy Industries, it operated off the coasts of Alaska, New Jersey, Ireland, and in November 1980 moved to the Grand Banks. Since it was so big, it was considered to have the ability to drill in areas too dangerous for other rigs.
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.
Many businesses that sell seafood had to cut back on it for the past few months. It has been since April that businesses are now selling shellfish back on the menu for a somewhat reasonable price. A major incident occurred just two days before Earth Day. The incident is well known as the Deepwater Horizon oil spill, or as many others call it, the Gulf of Mexico oil spill. The Deepwater Horizon drilling rig along the Gulf of Mexico is an oil-spill that resulted from an explosion that is under contract with BP, leading up to over million barrels of oil spilling into the Gulf of Mexico. This incident has led to many controversies. Arguments in discussion are whether or not we should continue to drill offshore, what exactly went wrong, and why none of the safeties were unable to activate.
The BP oil spill began on 20 April 2010 in the Gulf of Mexico on the BP-operated Macondo Prospect. On April 20, 2010, 126 workers on the mobile offshore drilling unit Deepwater Horizon were in the process of temporarily closing the exploratory Macondo oil well. That evening, an explosion abroad the drilling unit set off a chain of events that eventually led to the sinking of the Deepwater Horizon. Eleven crewmembers lost their lives and others were seriously injured, as fire engulfed and ultimately destroyed the rig.
Because it is the most highly publicized of the different forms of ocean pollution, oil spills, oil leakages, and general oil contamination are something that we all seem to be aware of. Since the Exxon Valdez incident, the American public in particular has been more and more critical of oil companies.Each year, over 700 million gallons of oil end up in the ocean. Contrary to what you may have thought, most oil pollution doesn't come from tanker accidents. In fact, tanker accidents account for less than 90 million of the g...
BUSM3886 Business and Government in the Global Context Individual Essay Assessment. The oil spill had serious consequences for the ecosystem, it was found that the Gulf octant (the area of the oil spill from Deepwater Horizon) contained 8332 species of plants and animals. In the main taxonomy of animals at all depths of disaster, there are 1461 mollusks, 604 polychaetes,1,503 crustaceans, 1,270 fish, sea turtles, 218 species of birds and 29 species of marine mammals (Gulf of Mexico biodiversity Applications Deep Horizon oil spill MM Thomas C. Shirley, John W. Tunnell, Jr., Fabio Moretzsohn and Jorge Brenner, Harte Institute for Gulf of Mexico Studies, Texas A & M University - Corpus Christi, Corp Three months after the oil spill, it was observed that the water contained 40 times more (PAH) polycyclic aromatic hydrocarbons than its previous contents. PAHs are often associated with oil spills, carcinogens, and provide different threats to the health of humans and marine life.
The substantial increase in the demand for EV’s came just in time as we are slowly but surely running out of oil. Some estimate that by the year 2040, 35 percent of all vehicles will be electric (Sullins, 2017). An article from the U.S. Department of Energy stated that “Electric vehicles hold a lot of potential for helping the U.S. create a more sustainable future. If the U.S. transitioned all the light-duty vehicles to hybrids or plug-in electric vehicles, we could reduce our dependence on foreign oil by 30-60 percent, while lowering the carbon pollution from the transportation sector by as much as 20 percent (energy.gov, 2014). It’s obvious that gas-powered vehicles have harmed our planet with their emissions. Although EV’s cannot reverse that damage that has been done, they can eliminate, or at least slow down, the inevitable demise that our planet is headed towards. Along with the beneficial environmental factors that correspond with electric cars, there are also beneficial financial factors. The average American spends about $2,000 on gas annually. In the future, charging stations will charge roughly $12.00 for a full charge, which is about 300 miles. This means that the average American will save about $1,400 per year on these specific car
The future American commuter will undoubtedly have to transition from the use of fossil fuels to new alternatives due to the diminishing availability of the nation’s oil resources. How will America respond to this upcoming issue? It is difficult to predict which alternative fuel source America will ultimately choose, but with the premier of Nissan’s electric powered Leaf and other companies; such as Tesla Motors and Chevy, with their electric cars ready for market, the electric car may be winning the race to become the new standard for the gasoline alternative. Electric cars resolve long standing environmental issues, but it will need to maneuver around many roadblocks to become a marketable consideration for the general public. The cost of electric cars, currently on the market, makes them an impractical purchase for the average consumer. If cost is not the growing concern in today’s economy which prevents the consumer from considering this option; they may deny the technological advance due to battery storage capabilities and the inadequate infrastructure in place to refuel and provide for them.
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.”
With a gasoline-fueled vehicle, buying gas to operate your car is a never-ending process. With the high price change of gasoline and oil, operating a gasoline-fueled vehicle tends to be very costly. While there are some types of small gasoline vehicles that get much better gas mileage than larger vehicles, even the most powerful gasoline cars will normally desire a contribution every month. According to some experts the only way a mainstream market for green vehicles wills materlize is with a pronounced and prolonged rise in fuel prices. (Buss, 4)
On the summer of 2010, the petroleum industry was shaken by one of the largest disasters in history known as the BP Deepwater Horizon Oil Spill. This resulted in the killing of eleven people, injuring of seventeen and an immeasurable damage to the ocean and the surrounding communities. BP had to immediately respond to the crisis and handle their financial and reputational risks.
Oil spills is contamination of the environment, especially marine area due to oil spillage from various kind of sources. The world production of crude oil increases from 59 million barrels at year 1980 to 79 million barrels at year 2015.
The BP Deepwater Horizon oil spill accident of April 20th 2010 that caused a gas release followed by the explosion that took place causing hydro carbons to leak into the Gulf of Mexico posed a lot of strategic implications in the competence, capabilities, internal resources and Corporate Social Responsibility of BP. The implications of the Oil Spill underscores the Icarus paradox, which holds that the very capabilities that give an organization its source of competitive advantage can become constraining with changes to the external context. Teece (2009) emphasised that dynamic capabilities revolve around three generic types namely: Sensing (ability to scan, search and explore the external