Most of the impact of this was experienced by the marine species. Eight U.S. national parks were threatened and more than 400 species that live in the Gulf islands were at risk, including the endangered Kemp's Ridley turtle. The clean up of this travesty cost the government and companies billions to clear. As a result of the spill deep sea drilling in the Gulf was suspended until new safety measures had been put in place, costing governments and companies further millions, whilst the price of oil continued to rise. A spill in other deep sea areas such as the Arctic could accelerate damage in a very sensitive environment, which is already dangerously close to its
David Lesar is the Chairman and CEO of this company. ETHICAL ISSUE Halliburton was one of the companies that were responsible for the world’s biggest oil explosion known as the Deepwater horizon oil spill in 10th April 2010. On the BP –operated Macondo Prospect Halliburton was one of the rig-operators. Lack of remote-control shut-off switch and proper cement mixing resulted in the oil spill disaster. Halliburton was also responsible for destroying evidence in Deepwater Horizon oil spill disaster in the Gulf of Mexico.
How Hurricane Katrina effect gas prices Outrageous gasoline prices is something that all American face at the pump in today economy. Many American wonder what is the cause of the high rates at the pump. There are many factors involved in the answer to the question on what causes gasoline prices to increase suddenly. In 2005, Labor Day Weekend gas prices rose dramatically after hurricane Katrina hit the southern coast of the United States. The devastation of hurricane Katrina damaged many of the United States oil refineries, causing a decrease in crude oil supply, which caused a decrease in gasoline supply.
The release of a liquid petroleum hydrocarbon also known as an oil spill has a large negative effect on the ocean. Oil is commonly used by individuals however often oil can be a problem to organisms and their inhabitants. Oils spills are a form of pollution and there are various sources of oil in bodies of water. There are several scientific solutions for oil spills, as well as possible ways to prevent this harmful pollution. In 2010 ,172 million gallons of oil spilled from a whole on the ocean bed in the Gulf of Mexico.
Capstone Business Case Alexander Dias – 15956538 Rio Tinto – Japan 2011 Earthquake Issue March 2011, Japan suffered a massive 9.0 RS earthquake which occured in northeastern of Japan (Japan earthquake 2013). The impact immobilized the whole northeastern region due to the wrecked public infrasturucture, unsafety condition and uncertainty along with the aftershock. This devastating turn of event has caused the business sector in Japan hampered in the various length from the ground zero – Tohoku Region to the surrounding business area. This situation leads to the unconducive working condition which Rio Tinto faced. The issue Rio Tinto faced was what decision to be made when company had to supposedly recommend the business in such of situation.
Deering’s emotions reflected those of many others who felt like BP wasn’t being responsible for their own actions. His cartoon was published during one of the worst disasters in history, the oil spilling out of the ocean fifty miles southeast of the Louisiana port of Venice after the explosion of the Deepwater Horizon drilling rig. When the drilling rig exploded 11 workers were reported missing and 17 were reported injured (Guardian).The Deepwater Horizon oil spill also known as the BP oil spill is the biggest spill in American history, with between 17 and 39 million gallons spilled in the Gulf of Mexico (Dosomething.org). This isn't the first time British Petroleum has run into trouble. In 2005, a massive explosion occurred at the company's Texas City, Texas, refinery, killing 15 workers and injuring 170 others.
Oil spills have a number of effects on the environment and economy. On a basic level, oil will damage waterways, marine life and plants and animals on the land. An oil spill can also ruin the infrastructure and economy of a particular area with the long-term effects being felt for generations. Cleaning an oil spill is very expensive and the costs get spread to government agencies, non-profits, and the oil transport company itself. There is no set science for an oil spill clean-up.
However we have noticed that there are many trends during this period (prices raised and pieces fell down) and an additional research was needed in aim to define the "clean period". Thus, we looked into the events occurred while this period, trying to find out which event was the one that reflects the most the change in what people predicted for this stock as a result from the planned takeover. In fact, on 9/9/2011 – Volkswagen announced it won't complete the takeover over Porsche. However, on 1/9/2012 – The takeover plan was once again on the table. Since then, on 7/5/2012 the agreement was signed, the takeover was completed during this month.
There can be a lot of factors as to why companies file for bankruptcy and closure. In the case of Enron, the first set of problems in the company manifested when traders reluctantly gambled with company assets in the oil market. They lost $90 million in a period of five days. Since then company reserves disappeared and auditors saved the company by reporting fake net worth and imprecise trading revenues resulting to accounting scandals in the company. Due to the company’s compound business model and unethical practices, they required that the balance sheet is to be modified accordingly to illustrate satisfactory
Climate Change Threatens Marine Life Axia College of UOP: SCI 275 CLIMATE CHANGE THREATENS MARINE LIFE Climate change has become a major issue over the past few years. Global warming has the potential to devastate the human population immensely. However, one key aspect of this issue that has not been addressed is how climate change will affect marine life. As the water temperature rises marine life becomes more endangered. The ocean dwellers are virtually helpless, and they will ultimately have to suffer the consequences that have been created mainly by humans.