1984- Toxic fumes leaking from pesticide plant in Bhopal, India, kill at least 6,000 people and injured 50,000-60,000. 1985- Scientists discover annual seasonal thinning of the ozone layer above Antarctica. 1986- Explosion of Chernobyl nuclear power plant in Ukraine. 1987- Montreal protocol to have emissions of ozone-depleting CFC’s signed by 24 countries. 1990- National Environmental Education Act authorizes funding of environmental education programs at elementary and secondary school level.
The Hudson River is polluted in many ways. Some issues affecting the river are accidental sewage discharges, urban surface run-offs, heavy metals, furans, dixons, and pesticides. But the main problem affecting the Hudson River is the discharge of PCB (Polychlorinated biphenyl's). The Environmental Protection Agency (EPA) has made claims agains General Electic Corporations claiming that they had discharged 209,000-1.2 billion pounds of PCB from their two manufacturing plants located in Hudson Falls and Fort Edward. They claim that this has been going on for 30 years.
The main purpose of this article is to discuss the Caux Round Table (CRT) Principles for Responsible Business which has described moral standards for suitable behavior in the workplace. Breaks in company honesty, whether among a small amount or a lot of individuals, compromise the beliefs of workers and for this reason the ability of an organization to provide people’s needs. The main idea of the article is to determine a universal code of ethics in the CRT and talk about the standards for behavior in the workplace. The most important information in this article is the principles themselves and the similarities and/or differences to Jerry White’s Biblical guidelines. The first principle of CRT is to respect stakeholder beyond shareholders
Sarbanes-Oxley Act is designed to make all personnel accountable for their action or inactions. For example, external, internal, and foreign attorneys are required to report violations to CEO/CFOs. If the officer(s) do not respond to the evidence provided by the attorney(s), they are obligated to report the evidence to the audit committee or another committee of the board. The act also provides protection to whistle blowers under Title VIII: Corporate and Criminal Fraud Accountability Act of 2002 (American Institute of CPAs,
We have created massive power plants throughout the United States that emit toxic fumes and gases. According to the U.S. Energy Information Administration, there are approximately 6,600 operational power plants in the United States alone (“Kinds of Power Plants”, 2013). While not every one of these power plants is responsible for releasing the dangerous toxins, one could argue that whatever the product may be that they are producing, is still significantly contributing to amount of harmful greenhouse gases that is causing damage to atmosphere. Not only are the power plants causing a disturbance to the balance of our ecosystem, but there are the gases that are emitted from petroleum gas and fuel in our cars, buses, planes and trains. There are countless numbers of transportation means in
Some of the major negative economic effects of natural gas drilling are the enormous amounts of pollutants released into our water sources. With estimates coming close to 50 trillion cubic feet of natural gas sitting in the Marcellus, it’s no wonder companies are willing to drill at any cost to the local water systems and communities. In other words, there is conservatively two trillion dollars in nature gas reserves sitting right under us. The problem with fracking is being able to find an economical and environmentally friendly way to dispose of the waste water. There are approximately thirteen treatment plants used to deal with the waste water that is accumulated by the massive fracking operations all over the state.
has a large risk in fraudulent factors due to working with many companies throughout the United States. National Commission of Fraudulent Financial Reporting is an independent private sector that investigates these behaviors. I believe and recommend that our company should have independent auditors for SEC and other regulations that apply to our business. We must also put into place education and promotional awards to reduce employee’s faulty performance. Our business ethics are honest and loyal in which we serve our employee’s with high standards.
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.
To understand changes in returns for the shareholders of the affected companies, we must first understand the scale of the economic consequences of the oil spill. Therefore, I will examine the consequences of the oil spill and the reactions of the parties involved, such as BP, the government, the states involved, the fisheries and tourism industry and other parties affected by the oil spill. These consequences include environmental damage, litigation, cleaning costs and stricter
1. Does a corporation owe its first loyalty and moral responsibility to the financial interests of its owners or to the local community and its employees who are affected by its operations? Based on the Union Carbide and the Bhopal Disaster case, there are a few ethical theories that can be used to argue such as egoism, utilitarianism, ethic of care and virtue theory. Ethical egoism is part of consequentialist theory that focuses on consequences when making judgement. Ethical egoism is the prescriptive doctrine that all persons ought to act from their own self-interest (Philosophy.lander.edu, 2001).