will not yield. Who is Responsible? BP is responsible for the disaster and should be held fully accountable for all economic retribution financially and environmentally. The oil rig was under contract by BP and according to the Oil Pollution Act of 1990 it stipulated that those parties responsible for the rig or facility which oil is being discharged from—is the responsible party held liable for cleanup costs. The conflict revolves around the fact that BP failed to clean-up the oil after seven
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[pic] BP Case Study November 10‚ 2011 Professor: Steven Lee Strategic Management Mississippi College British Petroleum[pic] Executive Summary The history of BP was set in motion as the Anglo-Persian Oil Company in Persia in 1901. William Knox D’Arcy‚ an English entrepreneur hired George Reynolds‚ a geologist and explorer to dig Persia for oil. Reynolds could smell natural gas and was most certain they would hit oil
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disasters in Alaska and Texas. Specifically‚ BP ’s defensive approach towards stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a burden on all of society in the form of rising oil prices and environmental damage. Background British Petroleum was founded in 1908 and since then has rapidly grown to become the eighth largest company in the world . However‚ as of late‚ BP has come under fire for several high profile
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British Petroleum Deepwater Horizon Crisis Made to: Made by: Jakob Lisbet Pals Svendsen‚ Magrethe Mondahl & Zaki Faizi – at IPA/Student Service Desk‚ 12 PM. Oliver Bjørner Søe‚ Kristoffer Thygesen‚ Michael Joachim Simon Aagaard‚ Casper Sylvest Helledi & Ekeløf Jensen – Group Name: Mixed Messages To be handed in: 03/12/2012 Exam date: 18/12/2012 Characters: Course: Corporate Communication Corporate Communication Project Copenhagen Business School Mixed Messages‚ B.Sc.
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Petroleum Company British Petroleum Company (BP) is a British multinational oil and gas company. It is the third-largest energy company and fourth-largest company in the world. It is vertically integrated and operates in all areas of the oil and gas industry‚ including exploration and production‚ refining‚ distribution and marketing‚ petrochemicals‚ power generation and trading. It also has renewable energy activities in biofuels and wind power. BP has operations in over 80 countries‚ produces around
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BP Oil Spill By: Kerrie Neff MGT 480 Due Diligence: Facts: I am focusing on Tony Hayward‚ former CEO of BP and I am here to address the issue regarding the Deepwater Horizon oil rig that exploded and ultimately caused one of the nation’s worst environmental disasters in the Gulf of Mexico in 2010. To begin‚ there are many facts that led up to the incident‚ and then for many years after. BP and Hayward had already been questioned on their ethical conduct. The questions include fraud‚ environmental
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William Voisin Professor Mazpule Psyc. 2001 June 5th‚ 2013 BP (Beyond Petroleum) focuses on sustainability 1) Based on the history of the company‚ why did BP get involved in so much questionable conduct? The reason why BP got involved in so much questionable conducts is because at first they didn’t want to spend the money on fixing the stuff. They have been ignoring all these red flags and at the end they ended up spending much money. They could of saved a lot of money if they had fixed
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BP plc[3][4] (LSE: BP‚ NYSE: BP) is a British multinational oil and gas company headquartered in London‚ United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and is one of the six oil and gas "supermajors".[5][6] It is vertically integrated and operates in all areas of the oil and gas industry‚ including exploration and production‚refining‚ distribution and marketing‚ petrochemicals‚ power generation and trading. It also has renewable
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Technological innovation and development companies investing on improving technical abilities through productivity (technical know- how) we have the examples of BP forming an innovation board with the sole aim of delivering innovation results in areas of business transformation ‚ cost reduction ‚ health ‚ safety and environment. Also companies such shell ‚Bp ‚Centrica and royal Dutch have been investing in the development of storage facilities for carbon emissions after the government warning and set regulations
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BP ’s Management Crisis The Frontline report‚ “The Spill”‚ which focused on British Petroleum ’s problematic management culture and its catastrophic effects‚ aired on October 26‚ 2010. Around then‚ the oil giant BP had suffered a crisis with its latest off-shore oil rig‚ the Deepwater Horizon. However‚ this was just the latest in accidents concerning its oil operations. In the years before the Deepwater Horizon accident‚ BP had also suffered major accidents in its oil production fields in Texas
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