British Petroleum ( Bp Plc )

1604 Words Nov 19th, 2015 7 Pages
Another company that has recently conducted poor social responsibility is British Petroleum (BP plc). For those unfamiliar, BP, a multinational company headquartered in London, England, is one of the world’s seven major oil and gas companies operating in all areas of the oil and gas industry. These industries include the likes of exploration, production, distribution, marketing, and power generation, along with several other areas. With that much integration in one particular industry, a large corporation like that carries a large amount of social responsibility. The company’s origin dates all the way back to the founding of a small Iranian oil discovery company in 1908, but it has not been until recently that the company has been directly involved in several major environmental and safety incidents, one of which being the well-known 2010 Deepwater Horizon oil spill, the largest accidental release of oil into marine waters.
This spill resulted in severe environmental, health and economic consequences for numerous areas throughout the gulf coast, not to mention serious legal and public relations repercussions for BP. Legal proceedings are continuing, but most have commenced. During this time, the company has pleaded guilty to 11 counts of felony manslaughter, two misdemeanors, and one felony count of lying to congress. They have also agreed to pay more than $4.5 billion in fines and penalties, the largest criminal resolution in US history. In September of 2014, the judge…
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