habitats‚ and killing animals in its path that dispersed throughout the Gulf by the wind and waves. The BP Oil Spill‚ also known as the Deepwater Horizon Spill‚ has cost billions of dollars for rejuvenating habits‚ purifying the water‚ washing animals‚ and cleaning up the areas
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ethical culture than can effectively respond to various stakeholders? I believe Monsanto makes an effort to have an ethical culture and for the most part they succeed. The bribery issues in Indonesia‚ within their own company‚ in the late 1990’s/early 2000’s were reported to the Department of Justice by Monsanto. This level of corporate governance is something I think many large corporations would not do. The farmers‚ who are primary stakeholders because they buy seed from Monsanto get a lot of attention
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BP OIL SPILL IN 2010 April 20th was a tragic day for BP and the crew of the Transocean’s Deepwater Horizon. “Floating fifty-two miles off the coast of Louisiana in 5‚000 feet of water was an oil rig drilling in the Gulf of Mexico.” (Hoffman‚ 2010) What unfolded next will go down in history as the worst accidental oil spill in the world. “The oil well a mile below the surface of the Gulf blew up from high-pressure methane gas expanding into the drill. As a result of the explosion‚ it ended
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1. In a defined-contribution (DC) pension plan‚ the employee or employer‚ or both‚ make regular contributions to the plan. In the US‚ employees typically set aside a predetermined percentage of their earnings which is deposited to the plan and the employer will match that contribution. Ultimately‚ the amount of money available to the individual upon retirement is determined by the performance of their investments. Each employee retains the option to choose how to diversify their investments‚ while
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Petroleum’s underwater pipeline‚ Deepwater Horizon‚ catastrophically failed and began spewing hundreds of thousands of barrels of petroleum daily. Currently BP plans to create a relief pipeline to fix the Deepwater Horizon and pay for all the damages that their pipeline is causing. On the other hand‚ President Barack Obama is demanding that BP take responsibility and pay for all necessary reparations such as cleaning the coastal shores and aid the people affected by
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BP Challenges of Globalization John Manzoni‚ Chief Executive‚ Refining and Marketing for BP‚ gave a speech in 2005 discussing BP’s future in globalization and the challenges that lie in an increasingly global business environment. He said that business (BP) is the heart of society and can’t ignore what is happening around it‚ and that BP exists for a purpose‚ which is to provide goods and services that people want to buy at a price they can afford to pay‚ and BP exists because of shareholders
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1. Do you agree or disagree with Tony Hayward’s quote at the end of the case? Was this disaster strictly a BP failure or an industry accident? (One of my biggest mistakes was that I allowed myself to become the lightning rod for hatred and anger.” He went on to say‚ “I genuinely feel that this could have happened to anyone. This is not BP. It is an industry accident.) I mostly agree with Tony Hayward because an accident of that size is a result of a complex combination of mechanical failures‚
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The Ecological Effect of the BP Oil Spill on the Environment Introduction: The BP oil spill‚ (also known as the Deepwater Horizon oil spill the BP oil disaster‚ the Gulf of Mexico oil spill‚ and the Macondo blowout) was an oil spill that happened in the Gulf of Mexico on the BP owned and operated Macondo Prospect on April 20‚ 2010. This oil spill is considered the largest and most devastating oil spill in the history of the petroleum industry. The cause of this oil spill according
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1. What are the main ethical issues and dilemma BP faces in this case? A project that is on a large scale faces some issues‚ including: There are concerns about the coating of the pipeline and the risks of leakages‚ in particular in Georgia‚ where oil spills might significantly impact the country’s strategic water resources in the Bojorni National Park. Concerns were also raised over the fact that the pipeline runs through earthquake zones‚ which leakages nearly inevitable or could not be avoided
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energy for heat and light‚ lubricants to keep engines moving‚ and the petrochemicals products used to make everyday items like plastic bottles. We also invest in renewable energy sources‚ which we believe will be an increasing source of value for BP. Our activities are focused on bio fuels and wind. As a global group‚ our interests and activities are held or operated through subsidiaries‚ branches‚ joint ventures or associates established in – and subject to the laws and regulations of – many
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