country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Various Facts And Details On The Deep Water Horizon Oil Spill Case

tag 0 Download3 Pages 596 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Explain On Various Facts And Details On The Deep Water Horizon Oil Spill Case?

 

Answer:

Introducation:

This report contains various facts and details on the Deep water Horizon oil Spill case. In this article, arguing position essay has been given on the BP response and its strategic activities to cover up all the losses occurred due to the oil spill. It is observed that BP recorded by all its losses in its financial statement as revenue expenses. It has resulted into high amount of losses in its business functioning. Politician in Gulf countries are more inclined towards developing safety mechanism for general public. The main argument in this Deep water Horizon oil Spill is related to BP which has been facing high amount of losses and company had not performed its promised which was to establish eco system for mitigating these kinds of problems in near future (Barnett 2007). In this report, arguments have been presented towards the BP responses for Oil spill. It is evaluated that BP instead of establishment eco system in affected area should indulge in converting its value chain mechanism eco friendly. In addition to this, BP has also not deposited its penalties and fines amount in its escrow amount which are yet to be imposed on company.

 


It is clear to see that company had made default in its eco friendly business functions which has resulted into Deep water Horizon oil Spill in all the areas. The losses which occurred due to this case are also not measurable. The main point which has been observed in this whole case is that company has been making all its investment in order to make good in its destructive brand image. It is evaluated that if BP wants to see growth in its business then it should establish various eco systems in the business area to encounter all the negative impact of its business functioning on the society (Redmond and Valentine, 2012). Nonetheless, Politician in gulf countries is also ready to lower down the penalties and charges which are imposed on BP if it works positively on generating eco system and using social welfare mechanism by following social welfare and public interest theories.  As per the interest theory, the support which has been provided by BP to its stakeholders is not satisfactory.  My responses are against the eco support system established by BP which is less than the standard criteria. In addition to this, it is not satisfactory the way company used these losses to set of profit from other units which have also reduced the overall tax burden of company as per the interest theory.  Another, argument is made that BP instead of putting its amount in escrow account should pay off its all fines and penalties in order to increase the eco system in all the affected area (White, et al, 2012).

 

References

Barnett, M.L., 2007. Stakeholder influence capacity and the variability of financial returns to corporate social responsibility. Academy of management review, 32(3), pp.794-816.

Redmond, M.C. and Valentine, D.L., 2012. Natural gas and temperature structured a microbial community response to the Deepwater Horizon oil spill. Proceedings of the National Academy of Sciences, 109(50), pp.20292-20297.

White, H.K., Hsing, P.Y., Cho, W., Shank, T.M., Cordes, E.E., Quattrini, A.M., Nelson, R.K., Camilli, R., Demopoulos, A.W., German, C.R. and Brooks, J.M., 2012. Impact of the Deepwater Horizon oil spill on a deep-water coral community in the Gulf of Mexico. Proceedings of the National Academy of Sciences, 109(50), pp.20303-20308.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Various Facts And Details On The Deep Water Horizon Oil Spill Case. Retrieved from https://myassignmenthelp.com/free-samples/various-facts-and-details-on-the-deep-water-horizon-oil-spill-case.

"Various Facts And Details On The Deep Water Horizon Oil Spill Case." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/various-facts-and-details-on-the-deep-water-horizon-oil-spill-case.

My Assignment Help (2018) Various Facts And Details On The Deep Water Horizon Oil Spill Case [Online]. Available from: https://myassignmenthelp.com/free-samples/various-facts-and-details-on-the-deep-water-horizon-oil-spill-case
[Accessed 02 April 2020].

My Assignment Help. 'Various Facts And Details On The Deep Water Horizon Oil Spill Case' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/various-facts-and-details-on-the-deep-water-horizon-oil-spill-case> accessed 02 April 2020.

My Assignment Help. Various Facts And Details On The Deep Water Horizon Oil Spill Case [Internet]. My Assignment Help. 2018 [cited 02 April 2020]. Available from: https://myassignmenthelp.com/free-samples/various-facts-and-details-on-the-deep-water-horizon-oil-spill-case.


At MyAssignmenthelp.com, we are committed to deliver quality assignment assistance in the fastest way possible. To make our service delivery fast, we have hired subject matter experts to work on different subject specific assignments. We have hired experts who owe in-depth knowledge in their respective subjects. As per their expertise, they provide geography assignment help, Physics assignment help, Strategic assignment help, history assignment help, art architecture assignment help and assistance with other subjects as well.

Latest Accounting Samples

HI5017 Managerial Accounting And Assessment Policy

Download : 0 | Pages : 13

Answer: Introduction The purpose of the report is to prepare the budgeted income statement of the ASX listed company that is Austar gold limited. The master budget along with their elements will be explained in the report. These elements of the master budget contribute effectively for preparing the accurate budget. The comparison of the top-down and bottom-up approach has been done which will help in analysing the suitable approach for the co...

Read More arrow Tags: Australia Glebe Management Evaluating the Advocacy of CPTED University of Melbourne 

ACC706 Accounting Theory And Issues T318

Download : 0 | Pages : 7

Answer: Introduction Discussion of issues associated to the company On November 28 2018, the Economic Times reported that Bharti Airtel bears net consolidated debt of 1,14,557 crore out of which the borrowings pertaining to the Indian Operators was seen as 80,000 crores. Therefore, as per the recent report it can be seen that the company is suffering major problems associated to increased debt ratio (Kumar 2018).   Discussion...

Read More arrow

HI5020 Corporate Accounting 13

Download : 0 | Pages : 14
  • Course Code: HI5020
  • University: Holmes Institute
  • Country: Australia

Answer: Introduction: The present report is based on the assessment of financial position of the three ASX listed companies that are having the business operations in the same industry. For the purpose of this report, the companies selected here are BHP Billiton, Bluescope Steel Ltd and Boral Ltd (BHP 2019). All the three companies are from the materials industry listed under the ASX 100. The report would take into the account the latest fina...

Read More arrow

2104AFE Management Accounting

Download : 0 | Page : 1
  • Course Code: 2104AFE
  • University: Griffith University
  • Country: Australia

Answer: Question 1: Sales budget     Question 2: Production budget Question 3: Direct materials purchases budget Question 4: Direct labour budget Question 5: Overhead budget Question 6: Selling and administrative expenses budget Question 7: Ending finished goods inventory budget Question 8: Cost of goods sold budget Question 9: Cash budget Question 10: Pro forma balance sheet Question 11: Pro forma pro...

Read More arrow

ACC104 Accounting For Decisions Trial Balance And Financial Statements

Download : 0 | Pages : 3

Answer: Introduction: After the preparation of the adjusted trial balance and the respective financial statements including the income statement and the balance sheet statement, it is necessary to assess the financial condition of Helen’s Hire Cars for the year 2016. In order to analyse the financial condition of the concerned organisation, the use of ratio analysis is deemed to be vital, as it helps in revealing the business problems o...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,240,264

Orders

4.9/5

Overall Rating

5,067

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 4/5

3076 Order Completed

99% Response Time

Emily Wei

Doctor of Philosophy (Ph.D) in Civil Engineering

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

134 Order Completed

95% Response Time

Thomas Nelson

MS in Information Systems Technology with Specialization in Database Administration

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1692 Order Completed

98% Response Time

Alfred Dodd

PhD in Computer and Information Science with specialization in Database

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

798 Order Completed

97% Response Time

Benjamin Blakeman

MSc in Medical Technology

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

expert working good with ratio analysis i got full marks for ratio but overall good presentation.

flag

User Id: 207116 - 02 Apr 2020

Australia

student rating student rating student rating student rating student rating

excellent work by tutor and quality of good work excellent work by tutor and quality of good work excellent work by tutor and quality of good work excellent work by tutor and quality of good work excellent work by tutor and quality of good work

flag

User Id: 264013 - 02 Apr 2020

Australia

student rating student rating student rating student rating student rating

Brilliant work, paid attention to every details, And submitted on time for review.

flag

User Id: 338016 - 02 Apr 2020

Australia

student rating student rating student rating student rating student rating

The report was exceptional. Thank you for helping me with this assignment, and I am very satisfied with the result. The content was exceptional and my grade was exactly what I needed, the writer was very on point and finished my report in a timely ma...

flag

User Id: 262907 - 02 Apr 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?