Corporate Social Responsibilities and Law Contents BP Company Info 3 Deepwater Horizon Oil Spill Event 4 Summary of the Deepwater Horizon Event 5 Stock price before and after Deepwater Horizon 7 Impact on Stakeholders 8 BP’s Oil Spills and Corporate Social Responsibility 9 Inadequate disclosure on the oil spill event 11 Recommendations for BP to get reputation back 13 Conclusion 14 BP Company Info BP is a global oil and gas company headquartered in London‚ United Kingdom
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The Hebei Spirit Oil Spill (HSOS) in December 7‚ 2007 spilled approximately 10‚900 tons of crude oil in about 10 km off the Taean coastline in South Korea. Due to the astronomical and irrecoverable damage upon the marine ecosystem and the overall living standards of the residents‚ the oil spill accident has been notoriously named as the “worst oil spill accident” occurred in Korea. Nevertheless‚ though almost a decade have passed since the outbreak of the HSOS in Korea‚ it appears that compensation
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A case study On Gulf Oil Corp. Course no. F-403 Course Title: Investment Banking & Lease Financing Submitted To Gazi Hasan Jamil Assistant Professor Department of Finance University of Dhaka Date of Submission - Group Profile----08 No Name Roll no. 01 Kutub Uddin Tanvir 14-025 02 Md. Biplob Tarafder
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11‚ 2006‚ MT Solar I sank in the waters off Guimaras Island and dumped into the sea an estimated half of the 2.19 million liters of industrial fuel oil it was carrying. Since then‚ the Philippine Coast Guard has sprayed 115‚600 liters of chemical dispersants to contain the damage. But‚ the big question is this. What is the best way to clean up the oil slick? According to the PCG‚ the best way to do it is through the use of chemical dispersants. However‚ my opinion is different. I believe that the
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12 1999 the Maltese oil tanker Erica sunk in the Bay of Biscay outside the French coast of Brittany. The vessel had broken in two spilling an amount close to 19800 tones of heavy fuel oil. Additionally 6400 tones remained in the bow section of the sunken vessel and approximately 4800 tones in the stern section. Even though all crew members were rescued‚ this event would inevitably turn out to a huge disaster. Most of all because of the environmental consequences of the oil spill. In this paper I
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The term Northwest Coast is used in anthropology studies to communicate of the groups of Indigenous people living along the coast of British Columbia. The People of the North West Coast People came to BC over 10 000 years ago. This Aboriginal group consisted of several other nations‚ individually they all had a distinctive culture and political characteristics. On the other hand‚ they were similar in their traditions and practices of their use of salmon and other ocean animals such as clams‚ crabs
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1989 Exxon Valdez spill Causes Exxon Shipping Company failed to supervise the master and provide a rested and sufficient crew for Exxon Valdez. The National Transportation Shipping Board found this was widespread throughout the industry‚ prompting a safety recommendation to Exxon and to the industry. The third mate failed to properly manoeuvre the vessel‚ possibly due to fatigue or excessive workload. Exxon Shipping Company failed to properly maintain the Raytheon Collision Avoidance System
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For many oil companies‚ the Gulf represents some of their most profitable and promising properties. The White House is seemingly making an increased show of pressuring BP‚ but President Obama is facing political heat from within his own party for what some say has been a lackluster response to the oil spill in the Gulf of Mexico. Since the spill began‚ there has been some intense political debate regarding BP’s responsibility‚ the government’s response‚ and the extent of the environmental damage
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1. Evaluate the economics of Gulf’s exploration and development program in net present value terms. How do Gulf’s outlay for exploration and development compare to cash returns Gulf generates from these activities. If we evaluate the performance of Gulf’s management for the period from 1976 to 1983‚ we will find out that the management basically did not run the company properly. Many indicators prove the fact the management’s efforts in spending huge amount of money in exploration and development
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Central Issue Several disasters‚ which resulted from a lack of internal controls and risk management strategy‚ have led BP to develop a negative reputation amongst consumers and government officials. The company needs to develop a way to get consumers to put the past behavior of BP behind them and to make consumers believe that the new core values BP has‚ along with its efforts towards rectifying the situation‚ are truthful and valuable. Situational Analysis Internal Environment: Marketing
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