BP Oil Spill Compensation Fund

Satisfactory Essays
The main ethical is in this case would be corporate responsibility. BP did not fulfill its ethical responsibility to compensate people who have suffered mental illness problems due to the oil spill. The BP Oil Spill Compensation Fund was not likely to pay damages for mental illness and distress, per Feinberg, “If you start compensating purely mental anguish without a physical injury–anxiety, stress–we’ll be getting millions of claims from people watching television.” The complete analysis of stakeholders who are impacted by this situation are too broad, some stakeholders include shareholders and investors of BP; employees and managers working in BP; customers who purchase oil from BP; local communities; victims of the oil spillage; local and
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