Essay about Bp Green

951 Words Dec 26th, 2011 4 Pages
CRAM Exclusive
Essay Sample: Page 2
authorities investigating the incident, has appointed an independent panel to review safety management systems and has taken steps to improve safety at refineries.

Which brings us to the latest black eye: charges that a BP unit manipulated propane prices in February 2004 to drive up prices and score a quick $20 million profit. According to a lawsuit filed in a Chicago federal court by the U.S. Commodity Futures Trading Commission, BP traders tried to corner the market for propane �with the knowledge, advice and consent of senior management.� This wasn�t the first time BP has been accused of price fixing. In 2003, the company paid a $2.5 million penalty to the New York Mercantile Exchange to settle charges of improper crude-oil trading (the firm didn�t admit or deny wrongdoing). BP has since fired some employees involved in the alleged propane scheme, though it maintains that �market manipulation did not occur,� and has vowed to fight the charges in court. Prevailing in the case could prove tough, however, since a former BP trader has pled guilty and is cooperating with prosecutors.

It's never a good time, of course, to be accused of price-fixing. But BP can especially not afford it now. Every month of record gas prices brings more pressure on Congress to impose a windfall tax on oil companies. BP�s chief executive, Lord John Browne, made a relatively modest $8.24 million last year, but his counterpart
CRAM Exclusive

Related Documents

  • Essay on Bp-Crisis CASE STUDY Crisis communication failures: The BP Case Study Daniel De Wolf1, Mohamed Mejri2* 1University 2Ecole of Littoral Côte d’Opale (ULCO)/Management & Economics, Dunkerque, France. Superieure de Commerce/Management Department, University of Manuba, Tunis, Tunisia. *Corresponding author: Email: Abstract On the 20th of April 2010, an outstanding explosion of the BP Deepwater Horizon oil rig situated in the Golf of Mexico caused the

    Words: 6801 - Pages: 28
  • Bp Case Study Essay

    Cover Sheet Case Study: BP (Beyond Petroleum) Focuses on Sustainability University Instructor: 03/15/2012 Abstract When a person thinks of BP they image a green gas station and gas pumps. But BP has over 100 years of history behind it. BP was formally known as British Petroleum and the Anglo-Persian Oil Company. It was founded in 1908 by William D’Arcy, a rich British man who invested all his savings in his quest for oil in the Middle East. At the time BP was committed to protect the

    Words: 921 - Pages: 4
  • Alumina and Bp Essay example

    Alumina and BP Introduction Running a business does not come without the existence of liability risk and legal issues. The question posed is what are the liability risks that could lead to legal issues and how will such issues be handled. When legal issues are present in the business sector due to liability issues, more likely than not, others are affected both directly and indirectly by the situation. How the situations are resolved depends upon those involved and the complaint. BP and Alumina

    Words: 1809 - Pages: 8
  • Essay on Green

    I. Introduction A. Attention Getter Why choose Non- Toxic Green Cleaning Products? Using Green Cleaning Methods and Products with environmentally- friendly ingredient is designed to preserve human health and environmental quality. Green cleaning techniques and products avoid the use of chemical reactive and toxic cleaning products which contain various toxic chemicals. (Wikipedia) Many of us are practically using cleaning products which contain too much amounts of toxins. Today, evidence

    Words: 791 - Pages: 4
  • Bp Texas Case Study Essay

    BP TEXAS CITY Answer #1 As this case shows Human Rights violation BP, The company was lacking operational decisions, such as ensuring that safety standards are appropriate for employees; rather than pursuing additional profits and hiding behind a mask of public relations. Viewed from this perspective, ‘calculated casualties’ don’t provide the greatest amount of good; it simply highlights an unethical and ruthless pursuit of profits and hence environmental destruction and human deaths would widely

    Words: 587 - Pages: 3
  • Bp Oil Spill Essay

       Since April of 2010, BP Oil Company has been working to repair the damages of an oil rig explosion in the Gulf of Mexico. According to Do Something, an environmental website, have reported the death and injury of 28, more than 8,000 animals dead within six months, and 16,000 miles of coastline pollution (11 Facts about the BP Oil Spill). Many accounts blame this catastrophe on BP’s neglect to properly build and maintain machinery. Several clean up workers and fisherman have been affected due to

    Words: 1727 - Pages: 7
  • Answers Lab06 BP Essay

    the artery is no longer constricted. 22. Interpret 145/85/82. 145ϭsystolic pressure; 85ϭdiastolic pressure reported as the point where the sound muffles; 82ϭdiastolic pressure reported as the point at which sound disappears. 23. Assume the following BP measurement was recorded for an elderly patient with severe arteriosclerosis:170/110/–. Explain the inability to obtain the third reading. The patient’s arteries are so narrowed by arteriosclerosis that blood flow is always partially occluded. Hence

    Words: 1984 - Pages: 8
  • Bp Golden Rules Essay

    trained, and their skills and competencies regularly assessed. Personnel are properly trained and competent to perform the task. The minimum training required for traveling offshore for contractors working more than 12 days for bp and all GOM bp employees is water survival and an orientation for working offshore and a helicopter briefing. The complete training requirements vary depending on the job that will be performed. Everyone working on our locations should

    Words: 1548 - Pages: 7
  • Bp Oil Spill Essay

    BP OIL SPILL Under the Deepwater Horizon, an offshore drilling ring of British Petroleum (BP) caused an oil spill in the Gulf of Mexico. The incident occurred on April 20th 2010, where equipment failed and caused the explosion sinking the ring, and causing the death of 11 workers and more than 17 workers injured. The British based energy company also faced other problems at the site of the oil spill. More than 40 million gallons (estimated data) of oil spewed into the Gulf of Mexico. Oil spill

    Words: 828 - Pages: 4
  • British Petroleum (Bp) Essay examples

    British Petroleum (BP) is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. In its global business, the company has several family brands: BP, ARAL, ARCO, Castrol, am/pm and Wild Bean Café. BP's global business is divided into three distinctive organizations to deliver energy products (Upstream, Refinance and Marketing, and BP Alternative Energy)

    Words: 1490 - Pages: 6