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Canada's Oil Sands: Ethics & CSR

   

Added on  2020-03-02

5 Pages723 Words39 Views
Environmental SciencePolitical Science
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Running head: BUSINESS ETHICS AND CORPORATE GOVERNANCE 1Canada’s Oil Sands Case StudyName of StudentName of InstitutionWorkshop No:
Canada's Oil Sands: Ethics & CSR_1

BUSINESS ETHICS AND CORPORATE GOVERNANCE 2What are some of the main ethical and/or CSRissues involved in this case or dilemma?Ecological ethics demand that nature has to be preserved due to its inherent worth. This is regadless of its benefits to humans. This case has both positive and negative outcomes in production. Canada is known for ethical production of crude oil and the corresponding CSR validates this. CSRis in the form of contribution to support Aboriginal communities, creation of employment to the First Nations communities and business contracted to themevery year. On the hand there is thedilemma of environmental damamge associated with production: the average greenhouse emission is times more than for conventional crude oil,accounts for more than 7% of Canada’s greenhouse emission and ground and water poluution. Who are the main stakeholders and what are each of their primaryinterests?The two main stakeholders are the government and producers on one hand and environmental interest groups on the other. Extracting oil sands avails economic bebenfits to the Canadian economy and ensures it is energy secure. For the oil producing companies, the large proven deposits present the opportunity for long-term production which is profitable in an environmentwhich is stable and upholds human rights and democracy. Th environmental protection groups are interested in protecting the water resources used in the production process. Other interests include reducing carbon emissions emited as well as
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