BP TEXAS CITY
Answer #1
As this case shows Human Rights violation BP, The company was lacking operational decisions, such as ensuring that safety standards are appropriate for employees; rather than pursuing additional profits and hiding behind a mask of public relations. Viewed from this perspective, ‘calculated casualties’ don’t provide the greatest amount of good; it simply highlights an unethical and ruthless pursuit of profits and hence environmental destruction and human deaths would widely be considered unethical.
Answer#2
Yes, the OSHA policies and rules are aimed at addressing problems that existed in BP texas. The problems continued for so many years because of the culture of BP. They were not serious about the safety of…show more content… We saw just the opposite in BP Texas case. CEO didn’t want to hear to people who talked about effective safety
environmental impact. In this ethics report, we will study one of the world’s leading international oil company – BP, who operates in nearly 80 countries . We will particularly discuss ethical issues raised by BP in oil industry in the United States (US) between 2002 and 2006. The three ethical issues which are going to be discussed are (1) safety issue in workplace depicted by the Texas City explosion in 2005, (2) honesty and fair dealing depicted by both Texas City explosion and Prudhoe Bay A-22 explosion
BP has had a long history of ethical and legal violations because BP chose to put profits above all else. In the past twenty years, BP subsidiaries were convicted of environmental crimes in Texas and Alaska. In addition, BP received the biggest fine in US history regarding safety violations. Although BP accepted responsibility, their record showed questionable and illegal behavior for twenty years. One of BP's major issues happened in a Texas refinery close to Galveston in 2005 (Jennings, 2009)
the Case
British Petroleum, now known as simply BP, is a multinational oil and gas company that is headquartered in London, England. On March 23, 2005, a series of massive explosions devastated one of the largest British Petroleum refineries located in Texas City. The blast rattled windows in downtown Galveston, 20 miles away and was even felt in Houston, 35 miles distant. Reports indicated that 15 people had been killed and well over 150 were injured, many of those seriously burned. A BP spokesperson
GROUP PROJECT- CASE STUDY |
A report submitted in partial fulfillment of the course |
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MODERN INVESTMENT & PORTFOLIO MANAGEMENT |
INSTRUCTORS: PROF. S.K. BARUA PROF. J.R. VARMAACADEMIC ASSOCIATE: MS. VAISHALI SATTAREPORT PREPARED BYGROUP 12MEENAKSHI DEOGAM M. SHYAMNIMISHA SAXENARAGHAV YADAVROHAN ANANDDATE OF SUBMISSION: 24TH AUGUST, 2010 |
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Effect of BP oil spill and subsequent market reaction on the assets of pension funds and
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Do you agree with Tony Hayward’s quote at the end of the case? .................................................................2
Was this disaster strictly a BP failure or an industry accident?........................................................................2
What factors affect the competitive environment of the oil industry? .....................
Student number
2025078
200240901
201099551
9930027
Topic: Case Study Analysis –BP
Table of Contents
Introduction 3
Company Background 3
Analysis of BP Green Strategy 4
Disaster One: Explosion at a BP oil refinery in Texas City in 2005. 4
Disaster Two: Oil Spills in Prudhoe Bay Alaska 5
Disaster Three: Delayed Repairs 5
Regulatory Failures 6
Lessons Learnt from MNEs 7
Health and Safety 7
Recommendation 9
Conclusion 11
Introduction
BP delivers energy products and services that people around
environmental issues you see in this case. BP’s negligence resulted in severe repercussions for the company, employees, and the environment. After being advised on multiple occasions of the issues concerning maintenance of pipelines, BP’s behavior in the issue of the Prudhoe Bay pipeline can be seen as unethical because it did not meet its social responsibilities/obligations to the community or its employees. Ignoring these obligations resulted in the busting of a BP pipeline that put the health and
industries, and oil companies, including BP, strive to reduce accidents and improve safety. But BP, the world’s third largest oil and gas producer, has the worst health, environment and safety record than any other major oil companies, according to Yulia Reuter, (Head of the energy research team at RiskMetrics)
Company Background
BP is a global oil and energy company based in Great Britain. The company locates and extracts oil all over the world. BP also refines and transforms oil
discuss BP management, ethical and social behavior. BP along with a few of its partners Transocean and Halliburton was involved in the gulf oil spill. The explosion of the drilling rig Deepwater Horizon was the root cause of the oil spill. This paper will focus on BP organization behavioral issues that caused the economic, environmental, and human losses. The research further focuses on what BP leadership could have done as a precautionary measure using highest ethics and management behavior.
BP Organization
livelihoods. While BP, as one of the parties involved in the operation of the oil drilling on Deepwater Horizon rig, suffered huge financial loss and reputation loss, it was found to be the one to be mostly blamed due to its lack of risk management. As poor risk management can lead to an astonishing disaster like this, it appears to be necessary for every business to learn from BP’s mistakes and try the best to prevent such disaster from happening again. This report studies this case, focusing on two