Gulf of Mexico oil spill could cost BP $3 billion or more

Posted by & filed under Part 1 Business in a Global Environment, Part 6 Managing Financial Resources.

Description: There are a lot of uncertainties right now about the Gulf oil spill. But one thing is clear: In addition to the intangible loss of wildlife, it’s going to cost BP a lot of money.

Source:  CNNMoney.com

Date: 04/30/2010

Link: http://money.cnn.com/2010/04/30/news/economy/bp_gulf_oil_spill_cost/index.htm 

Questions for discussion:

  • Do you believe BP has behaved in a socially responsible manner?
  • How would the models for social responsibility that are discussed in the textbook apply in this situation?
  • Are there any questions here about ethical behavior? Explain your answer.
  • Are the financial costs to the company adequate measures to guide corporate behavior? Explain your answer?
  • What other costs are there beyond those that affect BP?

Leave a Reply