Ethics-Case-1-BP-s-Gulf-Oil-Spill-Costs
Assignment 1: Textbook Ethics Cases
Ethics Case 1: BP’s Gulf Oil Spill Costs
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Order Paper NowRead the Ethics Case, BP’s Gulf Oil Spill Costs, on pp. 203–204 of your text and answer the following questions (approximately one paragraph per answer):
- Using the 2011 Annual Report, identify the costs to stakeholders associated with the BP Oil Spill. What other costs need to be considered that were not included in Reuter’s estimates?
- Why were BP’s early estimates so low? After all, as Reuter’s reports – BP had experience with two other recent cases?
In addition, answer the following questions (approximately one paragraph per answer):
- When would it be beneficial to use each of the following frameworks: the philosophical set of consequentialism, deontology, and virtue ethics; the modified 5-question; the modified moral standards; and the modified Pastin approach?
- Explain why it is critical to successful application of an EDM Framework to incorporate all four considerations of well-offness, fairness, individual rights and duties, and virtues expected.
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