Additionally, the companies are also liable to paying damages to the government for its loss in tax revenues due to the spill Bowman, 2010. If the communities in which you do business begin to fail, then your business will by necessity, fail in those communities as well. The British based energy company also faced other problems at the site of the oil spill. Business needs the public to spend on products and services, or else the business would expire. Additionally, for people found guilty of negligent oil spillage, an appropriate sentence is given in a court of law.
Follow the link below and decide for yourself. Different laws are used to protect and provide legal action against people or companies who perpetuate oil spillage. Additionally, legal protection for the wildlife in the Gulf of Mexico is not comprehensive. Individuals and business owners affected by the spill have already filed for damages against the different companies. The Deepwater Horizon was essentially a massive floating deep water drilling rig, which could operate in depth of as much as 10,000 feet under water.
Tankers usually carry about five hundred million barrels of oil. Ethical and legal effects of the gulf oil spill Running Head: Ethical and Legal Effects of the Gulf Oil Spill Name: Course: Instructor: Date: Ethical and Legal Effects of the Gulf Oil Spill Introduction: The Gulf oil spill that began on April 2010, presents numerous ethical and legal questions that need to be answered. This catastrophic event opened millions of eyes to the errors that can be found in the way oil rigs are set up. God only knows the full extent of the damage that was done and how long the ecosystem will take to fully recover. Over the thirty-five years I have been teaching business responsibility and ethics, there has been a new case about once every five years that defines again for us why business ethics and corporate responsibility need to be a constant concern. The goal, broadly speaking, of this legislation is to lower the speed limit of financial capital and to require all of us to wear seat belts.
Fish and Wildlife Service, huge numbers of fish, dolphins, and even sharks, are already crowding into exceptionally shallow waters near the shores of Alabama and Florida in order to escape the oil. I can see why your rise has been so rapid. One of the most recent oil spills to occur was when the spill followed a blowout that caused an explosion on the Deepwater Horizon offshore drilling rig, which then sank off the coast of Louisiana. The gulf oil spill was one of the contributing factors to this expulsion. In fact, what information exactly is the public entitled to? Safety should be a number one concern for all enterprises as part of their social reasonability to society at large. We are all aware that one of the main causes that let to the disaster were the result of bad decisions, in which a less expensive option whether to run a test or use a particular kind casing pipe,. Deepwater Horizon oil spill is a massive ongoing oil spill and oil gusher in the Gulf of Mexico that started on April 20, 2010.
All rankings and indices need to be driven by externally verified data from a solid variety of sources. With each of these cases, there are a series of lessons about corporate responsibility and how companies should manage their behavior. The Migratory Bird Treaty is also applicable to this case as it makes it illegal to harm in any way bird species that are defined in the treaty Riesel, 2007. However, if investigations discover any form of negligent or intentional spillage, the company has to pay higher criminal penalties. Apart from the financial expenses, the gulf oil spill resulted in various legal outcomes for the different companies that are involved in this case.
Furthermore, it led to devastating impacts on the environment, polluting both, the land and the seas. We welcome comments that advance the story through relevant opinion, anecdotes, links and data. Their action was interpreted as another example of fallout from a decision to cut maintenance of the pipeline and associated facilities. Also discussed in this paper are relevant strategies and alternatives, the effect of globalization The longer this went on the more damage was being done to the livelihood and the environment of the gulf course. Yuck, I feel like I´ve just been dipped into the Gulf of Mexico. Ethical dilemma, issues, and facts This incident captivated the world and had tremendous media presence and government involvement, but as questions arose, ethical issues started to emerge.
In 2008 many banking companies shared the hall of shame with Countrywide. The Deepwater Horizon was essentially a massive floating deep water drilling rig, which could operate in depth of as much as 10,000 feet under water. Safety cannot be the trade-off for cost and profit maximization. Even more baffling is how the Obama administration has failed to act on the requests of the press to gain access to the site. The Deepwater Horizon oil spill disaster in the Gulf of Mexico in 2010 is one of the most exhaustively analysed environmental and management crises in recent history.
As mentioned in section 2. The same story played out on Wall Street. What are we to make of this contrast between a consistent record of ecological contamination, and a consistent reputation for leadership on corporate responsibility? This law does not put a limit to the amount of money that a company can pay for the cleanup of the oil spill. In this case, the government is obligated to provide evidence of negligence or withholding information in order to prove a criminal case against a person or a company. The agency had been awaiting a resolution in the Gulf matter before reaching a decision, sources tell ProPublica. It builds trust from the consumer but also builds on the brand, reputation and consumer loyalty.