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¶ … BP is one of the largest names in the oil and gas industry, it has certainly drawn a lot of attention as a result of the environmental damage it caused as a result of the Gulf of Mexico oil spill. The company has since employed an even tougher attitude with regard to environmental values in an attempt to emphasize its interest in caring for the natural world. When considering its current position concerning environmentalism, it appears that the company is going through great efforts in order to get people to stop associating it with the Gulf of Mexico oil spill.
BP's 2012 sustainability review provides more information concerning the company's interests with regard to the environment and to its accomplishments during recent years. The corporation first of all wants to have people acknowledge the important role it plays in the world's...
While it invests large amounts of money into finding and exploiting oil and gas reserves, it also invests a portion of its operating cash flow in alternative energy. The company invested one billion dollars in alternative energy in 2012 alone.
The review points out that BP is well-acquainted with the strategies it needs to employ in order to be able to thrive. "Our aim is to keep building a BP that is well matched to the world's evolving energy needs." (Bob Dudley -- Group Chief Executive) This makes it possible for readers to understand that alternative energy is rapidly becoming a major source of profits and that by redirecting a business' attention toward exploiting this situation, a company is more likely to experience long-term benefits. It is not a matter of if BP is going to abandon exploiting gas and oil, as it is a…
Works cited:
"Sustainability Review 2012," Retrieved July 21, 2013, from the BP Website: http://www.bp.com/content/dam/bp/pdf/sustainability/group-reports/BP_Sustainability_Review_2012.pdf
BP's Macondo Blow-Out: Gulf Mexico The objective of this study is to describe the background setting, water depth. Type of rig, depth of reservoir and unusual characteristics of the BP Operation in the Gulf of Mexico. On April 22, it is reported that an explosion "ripped the Deepwater Horizon drilling rig in Macondo Exploration Well/Canyon 252 Block 41 miles off the Louisiana coast. A fire raged for about 36 hours before a
In general, crisis management focuses on three major activities: 1) What are the most appropriate methods of response to both real and perceived crises?, 2) What models and scenarios need to be defined that constitute a crisis and should engage a necessary and appropriate response?, and 3) What is the communication plan and chain that is necessary to ensure that the emergency phase of crisis management is handled appropriately?
BP Deepwater Horizon In April, 2010, Gulf of Mexico oil rig Deepwater Horizon, managed by British Petroleum (BP) suffered an explosion, sank to the bottom of the sea and precipitated an oil leak that would take months to cap (Pagnamenta & Goddard, 2010). The disaster was costly for BP both financially and reputationally, and the company's responses have not engendered much faith among the general public with respect to BP's ethics
It is yet to be seen whether alternative energy will eventually replace petroleum products or whether they will simply enhance the efficiency, cost effectiveness, and availability of energy in the future. BP's move into alternative energy will help it to position itself as a leader regardless of which direction the market decides to go. BP's move makes sense from many perspectives. It makes sense for a marketing perspective because it
Name Class Professor Gaps occur in various situations. They can be in lesson plans or healthcare. When it comes to the MICU, practice gaps happen. To implement a quality improvement proposal one needs to see what works and how to use it to meet the needs of the proposal. Early Progressive Mobility in a Medical Intensive Care Unit has shown to be helpful in meeting the medical goals of patients. In this proposal,
BP and how it can impact on the performanve of the firm In the recent times, a number of people have opposed the strategies that have been developed by BP. The major strategies that have been opposed by individuals is that of stoping the case regarding oil spill in the gulf of mexico.Operational strategy and effectiveness are vital for superior performance which is usually the main aim of all enterprises