BP Vs Exxon Fracking

Decent Essays
The oil and gas industry has been a hot topic for most of my adult life. I was newly married when the Exxon Valdez ran aground. I had two brothers working on off shore rigs in the Gulf of Mexico when the BP Deepwater Horizon rig exploded. The world’s dependence upon oil and gas has created a need to find alternate energy and one of those ways is through fracking. Let us compare these oil disasters and fracking, and first consider how managing ethical risk can reduce accidents, next compare the risk that BP, Exxon, and the fracking industry face to continue to provide energy sources, and finally how ethical leadership can help the oil and gas industry manage risk. The structure of business ethics is voluntary, legal, and core practices. BP and Exxon had an obligation to act ethically in all three areas. Exxon’s 3rd mate was not license to pilot through Prince William Sound. The captain was drunk and asleep and when he was awake and in charge he ignored the Coast Guard’s recommendations. Exxon knew the captain had issues with alcohol. The company hired to do the clean-up was ill-prepared, had damaged equipment, and they also did not have enough equipment to handle the spill. By all appearance BP presented an image…show more content…
BP and Exxon have had to pay billions of dollars for damages, clean-up and fines. Unfortunately risk to drill for oil and gas will continue as will risk associate with fracking. Oil and gas are non-renewal energy sources. When they are gone, they are gone. To me this is the biggest risk of all. Some think that fracking is less risky than drilling, but there are many unanswered questions associated with fracking. Earthquakes in fracking areas are on the rise. The gas is in the ground for a reason and by design, and to remove it without regard for safety considerations of replacing gas with liquid is
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