company was 2nd largest oil company in the world with over 92‚000 employees. The company had to face a dark time in its history when on April 20‚ 2010 the Deepwater horizon oil spill occurred. Through 3 major cracks oil spilled into the ocean. Affected by the oil spill were five states; Alabama‚ Louisiana‚ Mississippi‚ Texas and Florida. The disaster was if even comparable much worsted then any environmental disaster the US had to face since the result of the millions of gallons of oil spilt into the Gulf
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We will go through the BP business context and culture‚ safety aspect‚ organization capability‚ responsiveness and risk assessment aspects of their ethical culture‚ result from the management and caused the disaster. BP Business Context and ethical culture: From the BP management employer aspects‚ they are not follow some mechanical level‚ safety procedure over and ignored which required by Act (e.g. Clean Air Act) over 8 year for their production. At the end the huge explosion occurred in March
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BP By: Anna DeHart About BP “BP is one of the worlds leading international oil and gas companies‚ providing its customers with fuel for transportation ‚ energy for heat and light‚ retail services and petrochemical products for everyday items” In 1908 oil was found in a rugged part of Persia after a long search. Things we do are: • Find oil and natural gas • Extract it from hard to reach places • Move it to sea or land • Make what is needed from it • Generate low carbon power • Build construction
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First and foremost‚ British Petroleum oil company as well as” Deepwater Horizon Oil Spill”. It is one of the most terrible disaster that happened to humanity history. This is due the harm that it had in regards to humanity‚ environment and economy. The time line of the Deepwater horizon oil spill it was documented as the foulest oil spill in the US antiquity. On 20th April ‚2010 the blast and the decrease of the Deepwater horizon oil rig at the Gulf of Mexico that has murdered 11 folks and 17 other
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is a theory which emphases on the belief that an individual is significant and not the background‚ culture or family‚ but recognized by the aspects that make individuals who they are. The aspects that make an individual more unique and different to other individuals in society. Factors such as family‚ background or ethnicity are ignored by the Liberal individualist theory‚ but significantly focussed on by communitarianism. In Business ethics‚ Liberal Individualisms is a Rights based theory which
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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
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Oil Spill Mitigation Planning and Monetary Recovery Andrew Fossa Saint Petersburg College Administrative Law Kenneth Afienko Abstract FOSSA A (2012) Saint Petersburg College Oil spill mitigation planning and monetary recovery A small Gulf Coast Community in Florida has requested the implementation of a contingency plan in the event of an oil spill that affects the coast line. This paper discusses the regulations‚ and laws that govern an oil spill and who is responsible for monetary and
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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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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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