The paper "Ethical Issues Surrounding the BP Oil Spill Incident of 2010" is an outstanding example of a business literature review. In April 2010, the explosion on the British Petroleum (BP) Deepwater Horizon drilling rig killed 11 workers and injured 17 others. The rig continued to gush oil into the Gulf of Mexico until it was capped on July 15, 2010. The well was declared effectively dead by the United States federal government on September 19, 2010. By this time, almost 5 million barrels of crude oil had leaked into the Gulf.
Marine and wildlife habitats were damaged, while tourism and fishing industries were crippled along the Gulf Coast. Fishing grounds, national parks, wildlife sanctuaries, and beaches across Louisiana, Mississippi, Alabama, and Florida were threatened by the spill. The economy of this region was damaged by the spill. Many businesses were forced to close, and many people were left unemployed. The BP oil spill is considered an example of why many businesses and organizations need better corporate responsibility standards. The paper sought to investigate the ethical issues surrounding the bp oil spill incident and formulate lessons/ guidelines that current and future corporate bodies can employ in their daily activities. WHY IS BP OIL SPILL CONSIDERED A MATTER OF CORPORATE SOCIAL RESPONSIBILITY According to David (2005), corporate social responsibility is a matter of trying to be a virtuous organization whereby the business is guided by some inborn virtues like the ones for human beings in trying to shut down all the detrimental effects that its actions can have on the environment.
He foresaw the corporate responsibility issues through Jeffrey analysis where he said that “ corporate social responsibility is the future of businesses since by incorporating it in their day to day affairs put the company’ s actions under a microscope” .
In his analysis, he also concurred with Bakan (2009) who argued that corporate social responsibility is just a baptized form of creed in that the organization tries to create a responsible public image yet its main objective is self-centred – to blindfold the consumers and thereby make more profit. In his conclusion, he observed that some organization embed corporate social responsibility in their activities since they foresee a calm environment as an asset for growth while others involve incorporating responsive activities due to legal requirements (2011, 2-5). Sneirson et al (2011) pointed out some companies are mischievous in their corporate social responsibility in that they might be responsible in some sections but irresponsible in others.
For instance, a company/ organization might be responsible for environmental issues but act poorly in labour laws. They pointed out that for this responsibility to be realized, different independent entities should cooperate and work together. For instance, supervisory bodies, implementers and policymakers should each perform their roles optimally.
In an analysis of the BP oil spill incident, this should be considered as a matter of corporate social responsibility because; Since the company deals with highly poisonous products, it had a duty to protect the environment, employees working there, and also the neighbouring society. Since the company is operating in another countries territory, it had to own the leasing contract is signed. After the spillage, the company took nearly three months to clear away the oil from the water surface which shows laxity on its part (Dusell et al 2010).
The company had experienced various accidents in the past and thus it needed to have put in place measures to prevent future uncertainties e. g. the 2005 Texas accident. Because of the enormous amount that the company suffered in paying legal fees, damages, fines, in the advertisement to redeem its image and also in organizing charity activities to win back the locals trust.