Halliburton's Unethical Act

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INTRODUCTION Halliburton is an American Multinational Company founded in 1919 by Erle P. Halliburton in Oklahoma USA. It is one of the world’s largest providers of products and services to the oil and gas industry. Halliburton employs more than 100 000 people, representing 140 nationalities in approximately 80 countries. The company has dual headquarters, in Huston and in Dubai. 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. DEEPWATER HORIZON OIL SPILL: The spill was the largest in US history. Halliburton energy-services subsidiary designed and built the well for BP. The cement that Halliburton used was an unstable mixture, and eventually caused hydrocarbons to leak into the well, eventually causing the explosion that started the crisis. Halliburton Intentionally destroyed evidence of the cement testing. This accident led to the death of eleven workers. Because of Dick Cheney's (former US vice president) history with Halliburton, the only punishment Halliburton received after creating an environmental disaster was a fine of $200 000 and 3 year probation. It is very less compared to the profits they make every year and the consequences of their act. AFTER

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