The moral obligations including the legal of the wild and coral life at the location of the disaster need to be addressed. Mr. President of United States administration didn't address the issue several times and skipped to answer the questions of media raising doubts about the damage it created to the wild and coral life. The entire tourism industry along with the fishing industry was completed closed leading to many economic and financial crises in few states of the United States (David, 2013). For days, the animals in the sea, including the fish, dolphins were found on the shores of the Mississippi and Louisiana states and after careful medical review, they were poisoned because of the crude oil settled deep into the ocean. Ecological damage is very hard to measure and it could take few years to properly document the extent of damage created by the oil spill.
The major ethical issue is to protect the stakeholders and win back the trust of the stockholders. Right after the disaster, the stock value of BP has significantly decreased by 52% in 2 months of times, published by the New York Times. There was also a significant drop in the sales by 40% in 4 months of time. BP was made to pay huge fines to the United States government including the federal costs, the cost to clean up the water and stop the leak, relief camps to the local residents, providing the stipends because of the unemployment, thousands of claims had to be processed and paid to the victims. The investors
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In 2010, BP’s Deepwater Horizon rig exploded, causing millions of barrels of crude oil to be leaked out into the Gulf of Mexico. The extensive oil spill created a lot of pollution and far-reaching effects on the tourism industry. The resultant damage to marine wildlife such as fish will continue to be felt for many years to come. Weeks after the event, and while it was still in progress, the Deep Water Horizon oil spill was being discussed as a disaster that will impact global economies, markets, and mining policies. The potential consequences included structural shifts in energy policy, insurance marketplaces and risk assessment, and financial liabilities to be incurred by BP. The law that affected the operation of BP’s business was the Clean Water Act, which regulates the discharge of pollutants in US’s waters (EPA, 2008). Following the oil spill, regulations have been put in place to regulate oil drilling operations. The Obama administration proposed new regulations on offshore oil and gas drilling. The regulation focused on oil and gas drilling companies to use stronger blowout Preventers that have the capability to close an offshore well in case a drilling breach occurred accidentally.
On April 20th 2010 an explosion on an oil ridge of the coast of the Gulf of Mexico, was the cause of the greatest environmental disaster in history of the United States. This explosion took the lives of eleven men who were working on the ridge, and also ruptured an oil line, which dumped more than 4.9 million barrels of oil into the Gulf of Mexico. This oil spill significantly affected the wildlife of the gulf coast, killing hundreds of fishes, birds, and reptile that call the gulf coast home. The spill also affected global supply chain for major industries.
Regardless of their attempt, the spread of the oil to the surface and shore of the ocean was inevitable. Therefore, all marine animals were affected by the oil contamination in the Gulf of Mexico. Oil filled the blowholes and entered the lungs of dolphins and whales. This made breathing almost impossible.
Yes, losing human life was bad enough already, but we also lost a lot of oil and most importantly the spill effected the marine life. The fish, turtles and birds that were in the area, were all drenched in the oil, majority of it didn’t survive. The fish that have survived, where infected/affected by the chemicals. As we all know oil does not stay in one area, it spreads like butter on the hot skillet, effecting even larger marine life area than expected. Obviously BP and people responsible for the spill have faced numerous fine and conducted numerous operations to clean up the mess, but it is almost impossible. As time progressed, some oil eventually sunk to the bottom, which effected coral and food that fish eat. According to CNN, “Scientists continue to study environmental impacts, but five years after the spill, the long-term negative effects remain unclear and are, in many cases, highly disputed.”(Griffin et al., 2015, para.
To begin, the Exxon Valdez Oil Spill was a man-made environmental disaster that occurred in 1989. On March 24, the Exxon Valdez oil tanker struck Bligh Reef and spilled 260,000 barrels of crude oil into the waters of Prince William Sound in Alaska (Piatt, Lensick, Butler, Kendziorek & Nysewander, 1990). Eventually, this oil spread across 30,000 km² of water, damaging ecosystems and marine life along the way (Piatt, 1990). Evidently, this oil spill is considered to be one of the most destructive man-made environmental disasters in history (Dimdam, 2013).
In Santa Barbara, California, in 1969, even though the spilled oil was not even very large, thousands of dolphins, seals, and birds were killed (Ivanovich, and Hays, 2008). Moreover, in the Gulf of Mexico, 82,000 birds, roughly 6,165 sea turtles, approximately 25,900 marine mammals, and indefinite amount of oysters, fishes, corals, and crabs have been harmed or killed by the spilled oil. Additionally, the spilled has killed many aquatic plants. ( A Center for Biological Diversity Report, 2008). As a result, vegetation, which are the most essential part of the ecological pyramid, and other animals will be affected negatively by the dangerous impact of the spilled oil, which probably is going to cause some problems in the ecological pyramid. In fact, any defect in the ecological pyramid may become a dreadful problem that occurs an ecological
The e Deepwater Horizon oil spill at the Macondo well began on April 20, 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect. An explosion on the Deepwater Horizon drilling rig on 20 April 2010 killed 11 people and caused almost 5 million barrels of oil to flow into the Gulf of Mexico. The spill covered 68,000 square miles of land and sea and triggered a response effort involving the use of nearly 2 million gallons of dispersant chemicals (Pallardy). Considered the largest accidental marine oil spill in history, the Deepwater Horizon oil spill (DHOS) resulted in widespread environmental and economic damage, the exact nature of which is only beginning to be understood (Shultz 59). This paper will address the causes of this unmitigated ecological disaster and discuss steps that need to be taken to prevent a similar disaster from occurring again.
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 Deepwater Horizon oil spill or the BP oil spill refers to the oil spill in the Gulf of Mexico which flowed for three months in 2010. The spill was a result of the explosion of Deepwater Horizon, which drilled on the BP-operated Macondo Prospect. The explosion killed 11 men working on the platform and injured 17 others (Summarized from Wikipedia article on: “Deepwater Horizon oil spill” http://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spill )
The Moral issue in the case we are confronting is that oil companies are abusing the general population, contaminating nature, weakening the governments regulations, and deceiving everybody for their profits which is not acceptable of a mammoth organization like BP. Oil being a natural resource is being extracted by the company for their vested interests neglecting the society and the climate. The food pyramid is getting affected due to its short cuts and lapse in guidelines and total negligence resulting in gross cheating and mass killing of live stocks in sea as well polluting the air. The government intervention at crisis is an example of socialism. BP operations are in more than 100 countries with several reserves are creating chaos for the people working with them and society, showing capitalistic nature safeguarding its profits. The company many a times neglected the workers safety and environmental standards and intentionally avoided the necessary steps that could have stopped many catastrophes that led to many deaths and causalities (Cherry & Sneirson, 2010). The company has to be positive and develop to powerful changing business force at both macro and micro level which impact the business environment. There has to be a balance between the financial and ethical commitments. The company striving to work for only stake holders is not moral and ethical. What was their concern when it comes to the ethical responsibility to society? My sincere feeling is that giant
In its Annual General Meeting in 2011, BP faced protests against BP’s executive’s remunerations and voiced their injustice (Webb & McVeigh, 2011). Facebook pages such as “Boycott BP” and RIP Spongebob, who died in an oil spill cause of BP” have been set up by activists, and have garnered 847,730 and 468,157 likes respectively (Jarvis, 2010). Hence, the impacts on these stakeholders have varying degrees, but are nonetheless affected one way or another by BP’s mistake.
Part 1 - Ethical Dilemmas- The accident elicited many feelings anger, disillusionment, disgust, and even employees feeling like they were let down because BP had not backed up its values promised to
The series of ethical issues that took place leading to the disaster are complex, and other factors such as economic and political issues arose after the catastrophe happened. The purpose of this paper is to discuss the ethical issues that took place before the disaster happened, and investigate the moral obligations, social responsibility and justice at an individual and organizational level. The ethical dilemma is broken down into three categories, which include the company’s management priority to reduce costs and time, neglecting safety issues addressed by staff, human misjudgment and errors in neglecting pressure reading; and finally, overlooking the technical design flaws that were not tested by BP before installing to use. The
Although the accident was caused by a mechanical failure, it spiralled out of control because of an insufficient safety system. BP acted inefficiently and their carelessness cost the lives of people and damaged the environment, nevertheless this does not mean they acted in an unethical way as
In the month of April 2010, Deepwater Horizon exploded, killing 11 workers and releasing oil from the well into an ocean. This paper will 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.