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
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The ethics of a particular business can be diverse. Many business have gained a bad reputation just by being in business For example like the issue of oil companies polluting the environment and putting other peoples life in a health risk .Businesses are interested in making money and that is the bottom line. This could be referred to as CAPITALISM in its purest form. To make money is not wrong in itself but it is the manner in which some businesses conduct themselves that brings up the question of Ethical behaviour. Every organisational setting should have a good business ethics that guide all activities of the company .There must be written code of principle and values that governs the action of the people within the company. Company and business people who wish to strive long-time must adopt sound decision making practice.
BP AND ITS EHTICAL LASPSES
As oil continues to rise to the surface in the Gulf of Mexico, BP public reputation continues to fall. Its name is becoming synonymous with this environmental disaster much in the way that Exxon’s name was tainted in the wake of the Valdez tanker Catastrophe in 1989.This is especially ironic given the recent effort that BP has made to brand itself as a “green company “that balances oil and gas exploration with the