Essay Ethical Issues and British Petroleum - 2297 Words

TOPIC: THE CURRENT CHALLENGES FACING (BP) IS UNPARALLELED.THAT IS AN ETHICAL CRISIS IS UNCHALLENGING.BUT IS IT REALLY A CASE OF THE OIL INDUSTRY? BEING AT FAULT? IS IT REALLY A REGULATORY ISSUE? BRIEF INTRODUCTION OF BRITISH PETROLEUM†¦show more content†¦Each of these possible impacts on wildlife translates into human consequences. It a real predicament for BP and for the US and for the people involved, but it’s a big lesson for BP and other oil companies, if there are safety measure that need to be put in place but are not, then they have to answer for it. The challenge for them was that they weren’t necessarily open, transparent, and accessible. They set up a series of expectations in terms of what they were going to do to resolve the issue, and time after time after time they have not worked out. There have been times where they have layered up too much. There clearly have been times when they have not wanted to put out information or address information because they are concerned about what their liability might be going forward. This bring about problematic in terms of messaging. Bp is partly responsible for this disaster, what this means is that are they legally responsible to stop the leak and financially responsible for damage created and will be hold accountable for it. BUSINESS ETHICS Being ethical in a business sense can involve such things as avoiding corrupt business Practice such as bribery, secret or misleading, accounting practice excessive gift or entertainment and respect for human right, but also like Corporate social responsibility which is avoiding harm to peopleShow MoreRelatedThe Legal Issues and Ethical Effects of the Deepwater Horizon Explosion and British Petroleum Oil Spill in the Gulf of Mexico 20101542 Words   |  7 PagesOil Spill 1 Running Head: BP GULF OIL SPILL The Legal Issues and Ethical Effects of the Deepwater Horizon Explosion and British Petroleum Oil Spill in the Gulf of Mexico 2010 Terry D. 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