CARSEY R • esidents along the Gulf of Mexico coast experienced a wide range of impacts from the record-breaking oil spill that followed the explosion‚ in April 2010‚ of a British Petroleum (BP) oil rig. Louisiana and Florida residents received the largest share of BP-related claims‚ reflecting the substantial economic burden these states faced in connection to this disaster.1 It will be years before the area can accurately assess the amount of damage to the region’s coastal environment‚ marine
Premium Louisiana Natural environment
SUBJECT: ENVIRONMENTAL SCIENCE (COURSE PROJECT( ((( (Lecturer: Hồ Văn Trung Thu ( Friday Morning Class ) [pic] (Members: Phan Khắc Minh Hưng BTBTIU12028 Lê Văn Mạnh Hùng BTBTIU12029 Nguyễn Huy Hoàng BTBTIU12039 Lê Tâm Trí BTBTIU12026 INTRODUCTION WHAT IS AN OIL SPILL? An oil spill is the discharge of a liquid petroleum hydrocarbon into the environment‚ especially marine
Premium Oil spill Petroleum Exxon Valdez oil spill
The Deepwater Horizon Oil Spill (aka BP Oil Spill) was one of the worst oil disasters in history. How much damage was done? How is BP making up for it? This is what we discovered: In the BP Oil Spill‚ more than 200 million gallons of crude oil was pumped into the Gulf of Mexico for a total of 87 days‚ making it the biggest oil spill in U.S. history. 16‚000 total miles of coastline have been affected‚ including the coasts of Texas‚ Louisiana‚ Mississippi‚ Alabama‚ and Florida. Even though the
Premium Coast Louisiana Oil spill
The Gulf oil spill exploded on April 20th‚ 2010. It is known as the worst oil disaster in U.S. history. 11 people died along with the sinking of the Deepwater Horizon oil rig. The oil pipe was leaking oil 42 miles off the coast of Louisiana and was estimated of leaking 3.19 million barrels of oil into the Gulf. The well was located 5‚000 feet beneath the ocean surface. It took them 87 days to finally cap the well. At that point the damage had already been done. Oil reached the shores of Alabama‚
Premium Petroleum Oil spill Exxon Valdez oil spill
1. WHAT IS A BLACK SWAN EVENT? It is clear that risk management is a highly important element in management today as it identifies and assesses risks and then applies resources to minimize (or maximize) and monitor the probability and impact of unfortunate events (or opportunities). This way‚ companies are able to cope with a lot of risky situations by predicting them and by setting aside the right resources to handle them. However not all risks and events can be predicted and these can have a
Premium Risk management Nassim Nicholas Taleb Risk
1. The section on “Managerial Ethics” highlights three sets of relationships involved in the exercise of managerial ethics – the relationships of the organization to its employees‚ of its employees to the firm‚ and of the firm to other economic agents. Explain how each of these relationships was a factor in the ethical failings of the Minerals Management Service. In your opinion‚ which of the three was the biggest factor? Explain your answer. The manner in which the employees are treated by the organization
Premium Ethics
Causes and Consequences The Deepwater Horizon oil spill also referred to as the BP oil spill or the Gulf of Mexico oil spill has been named largest accidental marine oil spill in the history of the petroleum industry. The spill occurred on 20 April‚ 2010 which lasted for 87 days and end on 15 July‚ 2010. The oil spill was caused by an explosion which resulted from high-pressure methane gas from the well that expanded into the drilling riser and was released onto the drilling rig‚ where it ignited
Premium Petroleum Mexico
The 20th of April 2010 will be marked as the worst day in British Petroleum PLC’s history‚ the day that there was an explosion on the Deepwater Horizon drilling rig whilst drilling in the Gulf of Mexico‚ killing 11 people and causing devastation to all the surrounding areas. The events of this day affected the global markets and relationships between countries substantially. ¹Daniels et al. (2009) states that globalisation is “The broadening set of interdependence relationships among people from
Premium Petroleum Oil spill Exxon Valdez oil spill
bendo bendy Course: International Environmental law and Biodiversity Questions: Oil and gas exploitation ’ ’A paradox of plenty ’ ’ A Lesson and a challenge for multinational corporations and the indigenous people in a ’ ’new ’ ’ Arctic Akureyri 26/02/2012 Answer: Over the past years‚there has been a shift by oil and gas companies to Corporate Social Responsibility(CSR).[1]CSR is a self regulatory policy whereof businesses
Premium Petroleum Exxon Valdez oil spill
time the pipe leaks had been revealed‚ barrels of oil had secreted into the Gulf ruining reefs‚ destroying habitats‚ and killing animals in its path that dispersed throughout the Gulf by the wind and waves. The BP Oil Spill‚ also known as the Deepwater Horizon Spill‚ has cost billions of dollars for rejuvenating habits‚ purifying the water‚ washing animals‚ and cleaning up the areas
Premium Petroleum Oil spill Exxon Valdez oil spill