The bp gulf oil crisis 2010: its effects on stakeholders commitment and trust by acknowledgement i would first like to express my gratitude for my research supervisor, colleagues, peers and family whose immense and constant support has been a source of continuous guidance and inspiration. Bp agreed on thursday to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 oil spill in. Stakeholder management: more on bp oil spill july 30, 2010 as i have thought more about my post on bp's view of who its stakeholders are, i was reminded of an article i read on stakeholder management by sandra waddock. The april 2010 bp oil spill and its impact will be felt in the gulf of mexico region for decades in the months after the deepwater horizon drilling rig exploded off the coast of louisiana, it's estimated that almost five million barrels of oil gushed from the seabed and into the gulf, making it the. Bp oil spill - economics bibliographies - in harvard style a stakeholder analysis of the bp oil spill and the compensation mechanisms used to minimize damage.
Sustainability bp and sustainability our stakeholders bp and sustainability bp is a member of the global oil and gas association for environmental and social. As the acute phase of the gulf oil spill transitions to a chronic phase, marked by long-term challenges to the public health, environment and economy, researchers at columbia university's national center for disaster preparedness interviewed over 1,200 adults living within 10 miles of the gulf coast in louisiana and mississippi, in collaboration with the children's health fund and the. Bp plc is one of the largest oil and alternative energy companies in the world is bp an ethical company freeman's stakeholder theory indicates how bp's.
The bp oil spill was gushing in late may 2010 when lsu graduate student xuan chen found himself on an alabama beach collecting acrobat ants chen was one in an army of scientists probing an urgent. Oil spill stakeholders are composed of broad groups, some because of decision making authority and assigned responsibility during response others have a stake in the outcomes of those decisions because they may be affected by consequences of the spill as. Bp oil spill: largest shareholders cut stake as price falls bp's largest shareholders have cut their holdings in the troubled oil giant - with five of the group's top 10 shareholders selling. But the scale of the spill — and the seeming inability of the government to staunch the flow without bp's aid — has provided a stark reminder of the power that big oil still holds over national politics and the fate of entire communities that live in its shadow. Critics feared a repeat of the catastrophic gulf of mexico oil spill from bp's deepwater horizon project photo: daniel beltra the authority said not all stakeholders had been provided with the.
But the bp oil spill raises genuine csr questions — it's very much a question of corporate, social, responsibility bp is in the business of finding oil, refining it, and selling the gas (and propane, etc) that results. The ethical lessons of deepwater the deepwater horizon study group (dhsg) says the risk of future oil and gas development in the deep waters of the gulf, arctic, and other new frontiers pose likelihoods and consequences of catastrophic failures several orders of magnitude greater than the spill that occurred in the gulf of mexico. The 1989 exxon valdez oil spill and the 2010 bp oil spill were the largest and most officials, and other stakeholders, including area residents. Bp's plan to contain oil spill in great australian bight labelled 'flimsy' wilderness society says plan gives no clear indication where company would source equipment and people needed to contain. British petroleum has held back its dividend payout to its prime stakeholders as they had been under pressure from the united states government regarding the oil spill that had occurred in the gulf of mexico.
Defining shareholders and stakeholders september 7, 2010 bp's response to the oil spill has raised a significant number of questions surrounding the company. Bp ethical issues 14 pages these dilemmas have impacted on bp stakeholders bp's oil spill minimizes the benefits of others who were affected as much as. This detailed solution discusses the business ethics and corporate social responsibility involved in the bp gulf coast oil spill it identifies stakeholders that were affected, and how this crisis will affect bp's strategic plans. Largest oil spill in us history continues to devastate gulf wildlife while the press and independent scientists are continually denied access to.
4 years after bp spill, environmental impacts persist bp's deepwater horizon oil rig dumped more than 200 million gallons of thick crude oil into the gulf of mexico if the fallout of. The british petroleum (bp) oil spill in the gulf of mexico flowed unabated for three months in 2010 it is the largest accidental marine oil spill in the history of the petroleum industry this event affected individuals and groups, know as stakeholders, in different ways according to the impact. These stakeholders were affected in different way bp oil company were affected because it was their oil that spilt unfortunately the oil spilt into a the sea and spreading through the rivers killing all the fish and washing up on beaches this is why it affected the fisherman the oil spill.