to help keep negative press coverage from effecting their company. Often, we see these clauses in banking agreements, cell phone companies and others corporations that have a very large consumer base. In the month of September of 2016, Customers of Wells Fargo learned of a disturbing fact: The company in which they entrusted their primary means to an end, had been defrauding
Fracking Fracking, a technique used to extract natural gas and oil from the earth 's subterranean rocks, is by no means a new thing. As the United States strives for energy independence, the number of wells produced by hydraulic fracturing has increased substantially. This method of harvesting natural gas and oil may contribute to pollution and has become a controversial topic. It is important to understand the pros and cons of fracking before drawing conclusions. Analyzing the economic and environmental
The Consequences of Fracking Introduction: Fracking, does it have more consequence or benefits? Well first let me explain what fracking is. Fracking is formally known as (Hydraulic Fracturing), an exceedingly confrontational procedure used for the extraction of oil and natural gas. Many exponents of fracking congratulate the encouraging economic impacts and job creations. But they fail to recognize the effects fracking have on the climate and societies across America. As stated by, Alexander
I am writing to you regarding recent Wells Fargo’s fraudulent accounts issue. Today, we see ethical failings repeatedly in corporate America despite the talk of the importance of ethics. While people have seen from previous scandals that the gains from unethical schemes are short-lived and result in much larger repercussions, recent corporate scandals prove that the lessons of previous scandals have not yet been learned. Recently, Wells Fargo employees, trying to meet onerous sales goals, created
British Petroleum, an oil and gas company. The oil rig was once well known as “it set the world record for the deepest oil and gas well … 35,055 feet” (http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/04/deepwater_horizon_rig_had_hist.html). However, in a more recent event, it is well known for the worst man-made environmental disaster in United States history. The disaster would occur 50 miles from Louisiana, at the Macondo well. The well was leased to BP in 2008 and drilling operation began in 2009
process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside. Water, sand and chemicals are injected into the rock at high pressure which allows the gas to flow out to the head of the well.” (Megan Caponetto and Tom Schierlitz, BBC UK, What is fracking and why is it controversial?, 12/16/15). I went with this BBC quote because it’s challenging to find a proper definition without bias. From what I’ve seen and heard, to frack they drive
On September 8, 2016, Wells Fargo was caught in one of the biggest fraud scandals in banking history. The scandal was brought to light when the international banking and financial company were caught creating 3.5 million of fake accounts and services on behalf of their clients when they started to realize additional fees and accounts that they did not sign up for (Sweet, 2017). The earliest coverage of the scandal came as early as 2011 in an article published by the Wall Street Journal. This practice
My Identity Self-identity is molded as a young age, but continues to change as we get older. This is something that as we are growing up do not realize. During a person’s lifetime, many of us pause to think what influences a person’s identity. What makes us the individual that we are? I would say that it is our home, where we live with our parents and siblings. Why do we have trust in certain things? Why do we believe the way we do? I would say it is based on the way we were taught and raised
tragedy. Beginning in the 1980’s, offshore oil production showed to be a solution for the United States’ energy issues and national security. In the beginning, the wells were in shallow water, but once these wells were dry, drilling in the deeper water began. Although there were drawbacks, such as the difficulty to drill and operate a well at such tremendous depths and because of these depths robots would have to troubleshoot maintenance problems instead of humans. Additionally, in deep waters, special
Wells Fargo: course work “Explain the role of Wells Fargo in the financial system. Assess its exposure and performance from 2009-2016, after the global financial crisis, including a comparison with peers. Did it do well or badly?” The bank Wells Fargo is an American international banking and financial services holding company which was founded in 1852 by Henry Wells and William G. Fargo in New York. As of the end of 2015, the total assets of Wells Fargo are more than $1.7 trillion, ranking 3rd