Environment Obligation of Chevron Corporation
Corporate Environment Obligation: An examination of the performance of Chevron Corporation
Nowadays, increasing customers worried about the negative effects that large companies put on environment especially some energy industries. Chevron Corporation is one of largest multinational energy corporations in the world which has branch offices in more than 100 countries. It is engaged in all the aspects of gas and crude oil, which include exploration, production, marketing, chemicals manufacturing and so on (Chevron Corporation. n.d.). Although Chevron produce energy to power economic growth of America, even the whole world, the environmental problems it caused has aroused great public concern. This essay analyses the environmental contamination caused by Chevron Corporation operation, specifically in two cases: environmental atrocity in the Ecuador and Brazil oil spills. On the other hand, it describes some positive measures that Chevron takes to protect the environment which is focus on the following areas: protecting the environment, respecting biodiversity and preserving freshwater resources.
The case against Chevron Corporation
In order to satisfy the tremendous oil demand of America, Chevron drill for more oil in other countries all over the world which heavily harm the ecosystems and communities in many countries such as Africa, South American and other nations. As a frontrunner in energy industry, Chevron also wants to gain more profit. For example, despite of the economic recession in 2008, Chevron still planned to increase total revenues by 25%, which is approximately $263 billion US Dollar. Chevron was concerned with environmental practices and business coincidentally, leading to huge environmental damage in some countries especially in Ecuador where the largest environmental lawsuit took place in the world. Early in the 1960s, Chevron began to prospect oil in Ecuador. It got a lot of money and then ran, leaving many environmental problems in the
Nowadays, increasing customers worried about the negative effects that large companies put on environment especially some energy industries. Chevron Corporation is one of largest multinational energy corporations in the world which has branch offices in more than 100 countries. It is engaged in all the aspects of gas and crude oil, which include exploration, production, marketing, chemicals manufacturing and so on (Chevron Corporation. n.d.). Although Chevron produce energy to power economic growth of America, even the whole world, the environmental problems it caused has aroused great public concern. This essay analyses the environmental contamination caused by Chevron Corporation operation, specifically in two cases: environmental atrocity in the Ecuador and Brazil oil spills. On the other hand, it describes some positive measures that Chevron takes to protect the environment which is focus on the following areas: protecting the environment, respecting biodiversity and preserving freshwater resources.
The case against Chevron Corporation
In order to satisfy the tremendous oil demand of America, Chevron drill for more oil in other countries all over the world which heavily harm the ecosystems and communities in many countries such as Africa, South American and other nations. As a frontrunner in energy industry, Chevron also wants to gain more profit. For example, despite of the economic recession in 2008, Chevron still planned to increase total revenues by 25%, which is approximately $263 billion US Dollar. Chevron was concerned with environmental practices and business coincidentally, leading to huge environmental damage in some countries especially in Ecuador where the largest environmental lawsuit took place in the world. Early in the 1960s, Chevron began to prospect oil in Ecuador. It got a lot of money and then ran, leaving many environmental problems in the
References: Biodiversity Statement. 2011. http://www.chevron.com/globalissues/ environment/ biodiversity/ (accessed March 22, 2012) Brazil Sues Oil Giant Chevron For $10.85 Billion Over Offshore Leak. 2011. http://articles.businessinsider.com/2011-12-15/news/30518769_1_oil-drilling-brazilian-officials-leak (accessed March 22, 2012) CHEVRON CORPORATION. n.d. http://www.texaco.com/trust-texaco/ chevron-corp.aspx (accessed March 19, 2012) Chevron’s Top Ten Lies: Chevron’s Ten Biggest Lies About the Ecuador Suit. n.d. http://www.texacotoxico.org/eng/node/278 (accessed March 21, 2012) Delivering Energy, Respecting Nature. n.d. http://www.chevron.com/stories /#/allstories/salakrespectingnature/producingenergyrespectfully/ (accessed March 23, 2012) Environment. 2011. http://www.chevron.com/globalissues/environment/ (accessed March , 2012) Julie, S. 2009. “60 Minute” exposes Chevron’s environmental atrocity in the Amazon. http://matadornetwork.com/change/60-minutes-exposes-chevrons-environmental-atrocity-in-the-amazon/ (accessed March 20, 2012) Mark, W. 2011. Aguinda v. Chevron Corporation – Environmental Justice or Sham? http://www.acoel.org/post/2011/04/15/Aguinda-v-Chevron-Corporation-Environmental-Justice-or-Sham-.aspx (accessed March 20, 2012)