BP itself admitted the ignorance of the procedures required to Clean Air Act for ensuring mechanical integrity and a safe start up. It was the first case under Clean Air Act. Leakage of crude oil from Alaskan oil pipelines was also an indicator of loose potential risk management. For this incident company was accused for the violation the Clean Water Act. While establishing the pipeline company ignored some of the essential aspect such as how the oil will be flowed or transported during poor weather condition. For more than a decade the corrosion of pipeline was continue and it was unchecked by the company. These are some of the failures of company while managing the potential risk. Due to this company had to suffer huge losses, sometime …show more content…
That is, they are concerned with fulfilling what one believes is their moral duty and whether or not it makes people happy. In short, deontologists hold that right actions are defined by duty. Once we know what it is that we are duty bound to do morally, then we can carry out this ‘natural’ right action regardless of the consequences. What matters, they argue, is that we do what is right what is right, and what is right is that which conforms to moral law. One of the leading exponents of this theory is Immanuel Kant. For Kant, right actions are those which are done purely and simply from a sense of duty and not by following impulses, inclinations, or adherence to the ‘Greatest Happiness Principle’. Human beings, says Kant, are, by nature, rational beings and as such need have a rational basis to their lives: they need to know what make right actions right. Ethics, he maintains, is concerned with identifying moral imperatives, and providing rational explanations as to why we should obey them. An Ethical Dilemma is a complex mental debate/conflict which involves two moral imperative, where following one would lead to transgressing the other …show more content…
In the United States these include utilitarianism, contractarian liberalism, and human rights theory. Utilitarianism calls on government to maximize the well-being of society. This is accomplished through dedication to improving the quality of life of individual members of society. Evidence of improving well-being can be found when individuals voluntarily trade what they currently own for something better (money, financial assets, land, other property). The exchange occurs because participants expect an improvement in their overall well-being. This is the philosophical justification of market-based economies: as long as voluntary transactions are occurring, societal well-being is