ipl-logo

Bp Crisis Case Study

1200 Words5 Pages

The BP CSR and Crisis History: Before to the Deepwater Horizon drilling rig explosion, BP encountered numerous disasters and scandals and have a track record of ignoring saftey. The first accident which happened in December 1965, where the BP oil rig Sea Gem while it was being moved and it cost the death of thirteen human lives. Next, on March 23, 2005, BP’s refinery exploded, caught fire in Texas City and 15 workers has died. Later BP was under the lawsuits from the victim’s families and charged with criminal violations of federal environmental laws. One year later, an oil spill in Alaska caused pipeline to corrode badly. About $ 20 million was paid as environmental fines by the company. Thereafter, the company has tried to differentiate …show more content…

Preparation to the Crisis: From all these previous accidents and experts opinion we can see it is very obvious that BP was not prepared to deal with such an accident. To prove this statement, Former BP CEO Tony Hayward admitted in his interview to Money Programme on BBC 2 that ―”BP’s contingency plans were inadequate‖, that BP ―was not prepared‖ for the Gulf oil disaster and was ―making it up day to day‖ in the early stages”. Tony Hayward also admitted that ―”BP was not prepared to deal with the intense media scrutiny over the Gulf oil disaster”‖ and that he felt he was ―”demonized and vilified”‖. After one month of this oil spill incident, the Wall Street Journal reported that Hayward ―”admitted that the oil giant had not the technology available to stop the leak”. He also mentioned, “it was probably true that BP should have done more to prepare for such an emergency”. In addition, the investigations conducted by Congressional committee on energy and commerce concluded that BP was not prepared for a catastrophic loss of well

Show More
Related
125 Words | 1 Pages

The firm hires a geological team who digs a series of wells to test the water supply in the area. The team eventually gathers the evidence after long, harsh hours and agrees to a large settlement. A Civil Action. Dir.

Read More
1266 Words | 6 Pages

Cumulatively, these horrific incidents --- which could have been prevented with legally-required health and safety measures – resulted in the deaths of 1,500 garment workers in less than a year. We are currently seeing more media, government, and public attention on the garment industry since sweatshop issues hit the front pages in the 1990s. These catastrophes are the latest evidence of two decades of failures of global corporations’ Corporate Social Responsibility (CSR) programs in protecting

Read More
183 Words | 1 Pages

Canadian company TransCanada hopes to build Keystone XL a pipeline that carries Canadian tar sand oil from Canadian border to the Golf Coast. According to Derber “the pipeline extracts some of the dirtiest oil on the planet, a process that sends many polluting chemicals into the ground waters and releases methane, the most potent greenhouse gas, into the air, creating one of the greatest climate threat” (p. 115). A leak from a pipeline carrying the tar sand oil could cause environmental damage and pollute our drinking water and agricultural irrigation. The builders of the Keystone XL Pipeline are wilders. According to Derber, “environmental wilding in the natural environment, such as reckless polluting that causes global warming” (p. 11).

Read More
903 Words | 4 Pages

The Keystone XL Pipeline Annotated Bibliography Biello, David. “Green Goo.” Scientific American. Jul. 2013. Vol.

Read More
563 Words | 3 Pages

The Corporate Social Responsibility of the company is responsible for the welfare of society. The company did not think about the community. Thus, the company had to face the title of being unethical resulting in losing its

Read More
435 Words | 2 Pages

The toxic chemicals released from extraction were poisoning clean water sources. This lead to increasing cases of cancer, hyperthyroidism, lupus, and renal failure in people located in areas near the present pipeline. These effects clearly show the vast hazard this oil presents for the environment and society. In conclusion, as stated and proven throughout this essay, the Keystone pipeline creates many environmental issues.

Read More
533 Words | 3 Pages

The sententious construction of the pipeline will help…”create thousands of jobs”(DAPL:top pros and cons). By implying more jobs, it allows many people to have the opportunity to have a workplace in which they can earn the money to pay off and bills presented. Even if the pipeline can produce more jobs, but the pipeline would not cause any major incidents. Once the Dakota Access Pipeline is bonded into place, workers wondered if there, shall be a decrease in ant incidents than other major pipeline that recently resulted in spillages. The DAPL both pros and cons, states that there is a new way of “oil freight ages…to major refining markets in a more productive way towards the environment.”

Read More
719 Words | 3 Pages

The contaminated water supply then resulted in the death of little children, and parents had to bury their own children. Therefore, there is no reason not to have prosecuted the two corporations as all the elements of negligence are displayed here. Consequently, both corporations whether it was intentional or accidental, committed an act of negligence. Although nothing can be done to undo the losses, both companies must have apologized and compensated the damages

Read More
1123 Words | 5 Pages

Business level strategy Focusing on its core competencies—strong R&D platform, vertical integration, product diversification, economies of scale, disciplined approach to investment and cost management, and operations excellence— Exxon satisfies various consumer needs and maximizes its shareholder value. Business-level strategies enable Exxon to provide value to customers and gain a competitive advantage by exploiting core competencies in all the aspects of Oil & Gas value chain ranging from crude oil and natural gas production to refining the oil and gas, transportation, marketing of petroleum products, and trading of products. Current position as the world’s leading oil & gas company, Exxon is a major player in the conversion of hydrocarbons

Read More
995 Words | 4 Pages

Along with this, it would also produce a sum of $5.7 billion for ExxonMobil and its partners. That being said, in projects like these, money or revenue isn’t the only aspect to be considered while deciding a project. Thus, even though the project looks financially very attractive, the actual risks and the treats will be discussed in the next part of the paper. 2.

Read More
991 Words | 4 Pages

Since BP was the main operator of the Macondo project, BP will be the starting point for my research. In the first part of this study, I will describe BP as a company. I will discuss his business, the services they offer, and the industries in which they compete. By analyzing the business environment of BP, I can identify companies that may be affected indirectly by the oil spill, such as: For example, their competitors, suppliers and oilfield service providers. 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.

Read More
1214 Words | 5 Pages

Since its construction in 1977, the Trans Alaska Pipeline has transported almost 17 billion barrels of oil, and currently transports about 527,323 barrels a day. It celebrated its 40th Anniversary last year, and, even after all this time, is still facing controversy. The pipeline is highly debated as economically inclined citizens of Alaska are clashing with more environmental types. The Trans Alaska Pipeline Authorization Act, signed by President Nixon in 1973, protected the pipeline by banning all legal challenges against the construction of the pipeline. However, this law did not stop the critics of the pipeline from speaking out.

Read More
1537 Words | 7 Pages

The analysis will be made on a basis of combination with the pre-understanding of crisis management theory and the empirical data, by answering the three research questions respectively as follows: What are the reasons that force Toyota coming to the troublesome crisis? Crises pose certain risks to an company – potentially affecting critical aspects like reputation, image, brand equity, credibility, publicity, financial viability, legitimacy, community standing, etc. (Smudde, 2001). In auto industry vehicle recalls happen all the time and everywhere.

Read More
828 Words | 4 Pages

Drilling into Disaster: BP in the Gulf of Mexico Gulf of Mexico is one of the valuable place in which it has variety of marine life, such as fish, shrimp and other species The issues of incident on spill oil should be on concerned as it leads to this disaster for human being and environment. The case is discussed how BP company responses. It means how its board and management accountability, corporate responsibility, risk management, code of conduct and whistleblowing, compensation practices, and stakeholder communications react on this disaster. With regard to the disaster, BP CEO should have behaved appropriately because he should have responsibility on his job and should give his employees a better solution better than not saying anything. The problem was still there even BP change CEO to Dudley.

Read More
2877 Words | 12 Pages

Review of Literature Unethical behavior can tarnish a company’s image and reputation. If a company is unethical, they may have to spend additional money to improve their public image, as well as gain back as many customers as possible. The reason I have chosen to use articles that are quite a few years old and that are not so recent is because I feel that they are very good examples of what I am trying to prove in the terms of ethical behaviour within companies and these specific articles relate well to my chosen topic.

Read More

More about Bp Crisis Case Study

Open Document