In addition to the negative impact the spill has had, Chevron has also been said to “have downplayed” the spill. They have made it seem as if it’s not an issue at all. Many Brazilian environmental agencies are outraged and have accused Chevron of digitally altering pictures in order to cover up the degree of damage caused by the spill (PR Newswire). As I continued to research and look for other articles related to the topic, I found that this wasn’t the first incident involving Chevron and a Latin American country. From 1964 to 1972, Texaco, a brand by Chevron, was in active
The second part of Lee’s strategy was heavily focuses on exploration and expenditures to discover new oil reserves. Under Lee’s leadership, the number one priority of Gulf Oil Corp. was to replace domestic reserves of hydrocarbons through discoveries and acquisitions. Eventually, falling oil prices led to increased debt due to a large focus on exploration that wasn’t necessarily resulting in increased profits for the company. In 1984, the CEO of Mesa Petroleum Company, Boone Pickens, began trying to gain a majority stake in Gulf Corp. Gulf was against this because they saw it as Pickens attempting to gain control of the company, only to benefit from the current revenues and reserves without preserving the company outlook. Boone Pickens was not concerned with the future of Gulf, but rather the major reserves of oil that they already possessed.
BP Oil Spill Environmental Disaster- Lessons Bp oil spill was the largest disaster in American history; occurring on April 20, 2010 pumping over 200 million gallons of crude oil into the Gulf of Mexico. The oil rig explosion killed 11 people, injuring 17. Moreover, till date the oil continues to be washing up on shores; creating long-term damages to residential areas. In addition, the Bp Oil Spill was responsible for the death of over 8,000 animals, including many endangered species. The immediate effect of the Oil spill impacted the wildlife which included oil-coated birds (Ducks) and sea turtles.
The environmental damage was immeasurable, and thousands of lives were affected. The lawsuit which ensued took a toll on the company’s profits and public image, and has taken years to rebuild. However, in the last few years, they have become more socially responsible. Without further investigation, on the surface, Exxon has avoided major ethics violations. Shell likewise has avoided major ethical dilemmas in the public sphere.
Till this day parts of the city are still in ruins. Hurricane Katrina caused $81 billion in property damage. It is estimated that the total economic impact in Louisiana and Mississippi exceeded $150 billion. Katrina earned the title of being the costliest hurricane ever in United States history. Hurricane Katrina revealed and verified the link among race, place and vulnerability within groups.
The company’s name was tainted when it was revealed that the company had been covering up decades of environmental pollution. For nearly forty years, the Monsanto company had been releasing toxic waste into the creek in Alabama. This caused many issues in the creek and in the community. The fish were deformed, and the population has elevated PCB
Executive orders along with legislation are a response to the event. BP dismissed their Chief Executive Officer after suffering from a media communications nightmare. World outcry to boycott BP service stations is only one out of several backlashes that face BP. BP is being made an example of and other companies are taking note and improving the way they conduct business. It is necessary for the reader to understand what went wrong in order to get a good understanding on the event that will be referred to often in the many years to come.
Wal-Mart Domination Wal-Mart is the largest corporation in America and has stores throughout the country and world. Many people have different thoughts and viewpoints of Wal-Mart and the debate over whether it is good or bad for America is still in question. Wal-Mart is the second largest job supplier in the United States behind the government. However it pays their employees minimum wage which is nearly impossible to live off of especially if you have kids. Wal-Mart like to portray itself as a seller of American products however the main problem is that it outsources all of its work and is full of shelves with items mad in foreign countries, mainly China.
BP TEXAS CITY When BP’s Horizon oil rig exploded in the Gulf of Mexico in 2010, it triggered tragic reminders for experts in the safety community. In March 2005, an explosion and fire at British Petroleum’s (BP) Texas City, Texas, refinery killed 15 people and injured 500 people in the worst U.S. industrial accident in more than 10 years. That disaster triggered three investigations: one internal investigation by BP, one by U.S. Chemical Safety Board, and an independent chaired by former U.S. Secretary of State James Baker and an 11-member panel that was organized at BP’s request. To put the results of these three investigations into context, it’s useful to understand that under its current management, BP had pursued, for the past 10 or so years before the Texas City explosion, a strategy emphasizing cost-cutting and profitability. The basic conclusion of the investigations was that cost-cutting helped compromise safety at the Texas City refinery .
No actions began to take place until 2000 when news reporter, Anna Werner publicized this story on television. Following this news broadcast, many citizens began to complain that they experienced problems as a result of the Firestone tire failures mostly on the Ford Explorer sport utility vehicles. This case study gives an overview about the controversy involving Ford Motor Company and Bridgestone/ Firestone, Inc. Both Ford and Firestone were aware that they had problems with their products prior to these accidents, but for some reason they did not take any action until the National Highway Traffic Safety Administration (NHTSA) intervened. The NHTSA was also to blame for their delayed response to investigate the potential dangers associated with Firestone tire tread failures.