Business ethics‚ Liberal Individualisms is a Rights based theory which focusses on the belief that to be able to have the right‚ an individual is able to determine actions of others by their choice. It provides the right of receiving a respectable or bad service. It can be argued that individuals have the rights to make reasonable claims on society or other individuals. 2.0 CASE STUDY On April 20‚ 2010 the Deepwater Horizon oil rig‚ owned and operated by Transocean and drilling for BP in the Macondo
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Technical Report: Engineering Code of Ethics There are many different factors and aspects in the division of engineering and one of the most important factors to know in this field is the engineering code of ethics. These moral codes that all engineers must work to abide by are a set of rules and standards that express the importance of the decisions that engineers must make. The engineering code of ethics requires the engineer’s full concentration of showing and acting on their honesty‚ integrity
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------------------------------------------------- BP—Deepwater Horizon Case Study INT1001 Study Skills Module Reading and Writing Skills—Summative Assignment Done by: Mew Hui Ying ------------------------------------------------- Date: 12 February 2013 ------------------------------------------------- Industry: Oil and Gas ------------------------------------------------- Company: British Petrol Contents Page No
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BP and Consolidation of the Oil Industry‚ 1998-2002 Executive Summary BP should sell its business and start a new business‚ a clean energy production‚ because it would lose profits from oil supply. Oil industry had not developed in perfect competition; oil price was easily controlled since oil industry was oligopoly‚ many consumers exist and the government protected oil industry from competition. However‚ oil industry is facing perfect competition; oligopoly formation of oil industry
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According to the U.S. Department of Energy‚ 1.3 million gallons of petroleum are spilled in U.S. waters from vessels and pipelines in a typical year. A major spill could easily double that amount. Oil spills are one of the biggest and overall worst environmental disasters. These spills happen for many reasons. Some of these reasons include: people making mistakes or being careless‚ equipment breaking down‚ natural disasters such as hurricanes‚ deliberate acts by terrorists‚ countries at war‚ vandals
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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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Major Oil Spills of the 20th and 21st century In 1989 the Exxon Valdez American oil tanker crashed into the Bligh Reef‚ off the Coast of Bligh Island in Prince William Sound‚ Alaska. The tanker was supposed to turn south after they had reached a certain point‚ Busby Island‚ but because the ship didn’t turn fast enough‚ it collided with the reef. Due to how widespread the damage was‚ 1900km of coastline was polluted. This pollution killed approximately 250‚000 seabirds‚ 2‚800 sea otters‚ 250 bald
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custom Impacts of Oil Spills on Marine and Terrestrial Ecosystems essay In this paper am going to examine the factors contributing to oil spills‚ and their effects on marine and terrestrial ecosystems. This addition of phytoplankton leads to depletion of oxygen levels in water‚ making it hard for survival of animal and plant population in the water. These oil spills do not only affect the marine system but also the chronic urban contamination and the economic loss. The oil spill has total effect
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In late March of 1989‚ an oil tanker by the name of Exxon Valdez spilled between eleven and 38 million gallons of oil into the Prince William Sound in Alaska. This spill was caused by various influential factors‚ but perhaps one of the most important would be Exxon Shipping Company’s inability to oversee the condition of the crew‚ leading to a fatigued navigator who led the vessel astray‚ which resulted in the massive spill. This oil‚ which is‚ of course‚ hazardous to living creatures‚ resulted
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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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