Preview

canadian oil sands and ethical oil

Powerful Essays
Open Document
Open Document
7170 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
canadian oil sands and ethical oil
Oil Ethics

Oil Ethics

Table of Contents
Abstract

3

Introduction

4

1

Key Facts about the Canadian Oil Sands

5

2

Extraction Process

7

2.1

Mining ........................................................................................................................................ 7

2.2

In-Situ Recovery ......................................................................................................................... 8

2.3

Economic Considerations ........................................................................................................... 9

3

Impact on Stakeholders

3.1

Environment ............................................................................................................................. 11

3.2

Society ...................................................................................................................................... 12

3.3

Economy and Politics ............................................................................................................... 13

4

Ethical Oil

4.1

Analysis under Aristotle’s Ethics.............................................................................................. 15

4.2

Further Ethical Considerations ................................................................................................. 16

5

Conclusion

18

References

19

Appendix

20

A

11

14

Statutory Declaration ................................................................................................................ 20

2

Oil Ethics

Abstract
Two clear goals of mankind are reaching and ensuring a post-oil economy and incorporating the ethical process in business. How far are we in enabling this process to happen? I found the case of the Canadian oil sands to be of particular interest when analyzing business ethics in the oil industry. At first

You May Also Find These Documents Helpful

  • Powerful Essays

    Tar sands are a combination of clay, sand, water, and bitumen. As a type of unconventional petroleum deposit, tar sands are found in many places worldwide, the largest deposits are found in Alberta, Canada. The Alberta tar sand deposits contain more than 70.8% of the world 's reserves of natural bitumen which representing 40% of the world’s combined extra-heavy crude oil and crude bitumen reserves. It is the only bitumen deposits that are economically recoverable for conversion to synthetic crude oil at the price range of $25-$35 per barrel. Although substantial amount of the world 's oil is in the form of tar sands, it is not all recoverable. Study shows that the world’s total natural bitumen reserves are estimated at 249.67 billion barrels, Canada maintains 176.8 billion barrels. Northern Alberta’s 173 billion barrels of recoverable bitumen requires intensive processing to convert to synthetic crude oil. However, there are serious social, economical and environmental consequences in the tar sands development. By grading the Alberta tar sands development on each of the six measures of Enlightened Sustainability Policy, this report will provide a detailed evaluation of the overall sustainability of the Alberta tar sands development.…

    • 1256 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Fieser, J. & Moseley, A. (2012). Introduction to business ethics. San Diego, CA: Bridgepoint Education, Inc. Retrieved from https://content.ashford.edu/books/AUPHI445.12.1/sections/sec1.3…

    • 360 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The root reason of vandalism is environment concern. Morgan should not cooperate with RCMP "Kabriole Operation" and give direct financial assistance to RCMP any more because it will have adverse impact on corporate image and cause ethical issue, which is not consistent with its strategy and definitely affect its business development and reputation in the future. Instead AEC should find out a best solution to minimum the flaring pollution risk as much as possible and make effort to stop vandalism to ensure their employee's safety.…

    • 508 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The movie avatar is a wonderful learning experience. It shows the relationship between the native people of Pandora, Na’vi, and how they sustain their environment and the resources provided. The Alberta oil sands are one of the biggest resources in North America. Located in three major areas in northeast Alberta, they are known as the world's third largest oil reserve. To some extent we can compare both of these environments socially, culturally and ecologically.…

    • 256 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Deceiving Huckleberry Finn | An Essay Were all slaves manipulative and deceitful in the 1800s? In The Adventures of Huckleberry Finn by Mark Twain, the character of Jim is manipulative and deceitful because he lies about Huckleberry’s father’s death, runs away from Mrs. Watson, and asks Huckleberry to help him escape slavery, even if it may mean injury or even death for Huck and his friends. Firstly, Jim is manipulative and deceitful because he lies about Huckleberry’s father’s death. “Come in, Huck, but doan’ look at his face - it’s too gashly.”…

    • 511 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Stanwick, P. A., and Stanwick, S. D. (2009). Understanding Business Ethics (Vols. 1 - 1, pp. 8-12). Upper Saddle River, NJ: Pearson Education, Inc.…

    • 2516 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    Bernie Madoff superficially demonstrated contradicting immoral character and virtuous ethical values, causing widespread loss of financial assets to credulous victims. As such he gained such a good reputation in the industry that many of his investors had their life savings invested with him.…

    • 1476 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Mgt/360 Syllabus

    • 1990 Words
    • 8 Pages

    DesJardins, J. (2007). Business, ethics, and the environment: Imagining a sustainable future. Upper Saddle River, NJ: Pearson.…

    • 1990 Words
    • 8 Pages
    Best Essays
  • Better Essays

    Good business ethics is just one of many ingredients necessary for a successful business. You cannot have a successful business if you take advantage of stakeholders that support and have a vested interest in your business. History has shown time and again that, when the opportunity to grab quick profits presents itself, ethics can all too readily take a back seat to the entrepreneurial spirit. Incidents or abusive behavior, harassment, accounting fraud, conflicts of interest, defective products, and bribery and employee theft can happen at any business. Corporations have a social responsibility, an organization obligation to maximize its positive impact on stakeholders and to minimize its negative impact. Wal-Mart and PETCO were both founded in the early 1960s’ and today have stores nationwide providing goods and services to millions of consumers. The steps taken by these two companies’ in regards to address and correcting allegations of unethical issues greatly impacted their reputation and sustainability.…

    • 1238 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Mike Rich

    • 2507 Words
    • 11 Pages

    Donaldson, Thomas, Patricia Hogue. Werhane, and Zandt Joseph D. Van. Ethical Issues in Business: A Philosophical Approach. Upper Saddle River, NJ: Pearson/Prentice Hall, 2008. Print.…

    • 2507 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Phi 445 Final Paper

    • 2300 Words
    • 10 Pages

    References: Velasquez, M. (2006). Business Ethics: Concepts and Cases (6th ed.). Upper Saddle River: Pearson Prentice Hall…

    • 2300 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    The development of the oil sands is a highly contested issue. The Globe and Mail published an article about why the oil sans should be established. It states that Oil revenue is essential to the economy of Alberta and to an extent the economy of Canada. As a result the government backs the oil sands. CBC published an article on why oil sands expansion should be stopped. The article states that scientists and environmental groups are pushing for no new oil sands to be developed because of the detrimental effects on the environment. Overall the CBC article is more convincing than the globe and mail article. It makes excellent points about the environmental impact the oil sands have which is more important than the economy in the long run. If…

    • 984 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Personal Ethics Paper

    • 1104 Words
    • 5 Pages

    Donaldson, T, & Werhane, P.H. (Eds.). (2002) Ethical issues in business: A philosophical approach (7th ed). Upper Saddle River, NJ: Prentice Hall.…

    • 1104 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    As the US Economy continues to dive, unemployment persists at a level not seen since the Great Depression, and the US Federal Government sees fit to continually bailout big business, it escapes logic why the cost of oil once again, is on the rise.…

    • 1634 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Fossil Fuel Pdf

    • 5852 Words
    • 24 Pages

    Introduction History We are a country that runs on oil. From the gasoline in our cars to the plastic in our computers to the detergents that we put in our dishwashers, we rely on oil for our modern way of life. It cannot be understated just how strong of a role it plays in our economy and politics. It is used in tractors that plow and harvest food. It is used to power manufacturing plants and as feedstock in commercial goods. It powers all the trains and trucks that bring goods to market. It runs our cars, heats and cools our homes, and powers our electrical devices. Because of its ubiquitous nature in the marketplace, any small increase in the price of oil will cause a widespread increase in the price of living. This dependence of our economy, coupled with the fact that we import over 50% of our usage, means that oil is a primary consideration in international politics. This situation has not always been so, even though ancient cultures knew of the existence of crude oil. Many years ago, oil and tar that had seeped out of the ground were used to seal boats and light lams. Its scarcity severely limited its use, though. This all changed in 1859 when Edwin Drake struck oil at a depth of 69 feet in a well that he drilled in Pennsylvania. His success spurred wells to be drilled in other locations around the world that were thought to hold oil, creating enough of a supply that new uses, such as home heating, could be actualized. These new uses spurred further production, which led to even newer uses and inventions. With the refinement of the gasoline-powered internal combustion engine in the 1880’s and its subsequent use in a car, the die was cast. Oil had become a hot commodity, and its impact on the economy and politics grew very large. As documented in the Pulitzer Prize winning book The Prize by Daniel Yergin, oil has been behind many historical events. The U.S.’s naval blockade of oil headed to Japan from Indonesia in 1941 led directly to their…

    • 5852 Words
    • 24 Pages
    Powerful Essays

Related Topics