...Chevron’s Amazon Disaster Hallie Richardson ETH/316 May 14, 2012 Professor Jeff Codner Chevron’s Amazon Disaster In 2001, Chevron bought out Texaco Oil Company; as a global corporation Chevron also took on responsibilities that Texaco had left behind. Oil drilling had taken place in Ecuador’s rainforest region for 28 years, the cost-cutting methods that Texaco used caused many indigenous areas to be contaminated by this drilling. The environmental catastrophe was dubbed the “Rainforest Chernobyl” by experts (“Chevron Toxico”, 2012). The Issues The cultural issues that became apparent from this problem were environmental issues as well as human rights issues. Pollution and exposure to certain toxic waste affected nearby villages of indigenous peoples of Ecuador. According to "Chevron Toxico" (2012), “Texaco’s oil extraction system in Ecuador was designed, built, and operated on the cheap using substandard technology from the outset” (A Rainforest Chernobyl). The rainforest environment that was affected housed 350 oil wells and Texaco left behind roughly 1000 toxic waste pits. Toxic waste pits were not properly built; in America at this time it was known that these toxic pits were dangerous and precautionary items like a plastic pool were built to avoid seepage into the ground water and nearby rivers. However, in Ecuador, the same pits did not have these certain structures, therefore, seepage occurred and toxins were freely left to absorb into the groundwater and pollute...
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...I. The extraction of petroleum dates all the way back to 1878, in the Santa Elena Peninsula. In Ecuador, minerals are owned by the government and developed through government entities. In 1964, Petro Ecuador, which is Ecuador's state oil company and Texaco Petroleum, created a business partnership called a consortium, to produce oil in the Orient region of the Amazon. Texaco Petroleum's was under a 28-year concession agreement with the government. During this time period plaintiffs believe, the company is responsible for billions of gallons of oil dumped in the region. Also, that this pollution has caused the loss of livelihood, and the widespread health problems including 1,400 related deaths. When Chevron took over Texaco in 2001, they acquired this lawsuit. Today, Chevron is not involved in producing oil in Ecuador. A. One of the issues following Chevron is whether or not Chevron had the proper jurisdiction as a corporation to operate outside our national borders, in Ecuador. As a corporation the first step in moving operation into other countries, is first receiving approval form the share holds. Corporations must seek proper approval from there shareholders before seeking many changes. Corporations often engage in an acquisition of other corporation by a friendly merger. A merger happens when two corporation come together. One corporation is absorbed into the other corporation. However the merged corporation ceases to exist, leaving the surviving corporation...
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...Chevron Faces Lawsuit Globalization, as defined by Guillén in our textbook, is a “Process fueled by, and resulting in, increasing cross-boarder flows of goods, services, money, people, information, and culture” (as quoted in Sanabria). Chevron, an American corporation, is a perfect example of how globalization can allow a company to increase in size continually. Their headquarters are located in San Ramon, California but they have been active in many countries around the world including: Argentina, Brazil, Colombia, Ecuador, and Venezuela. With the help of globalization, Chevron has been able to expand their organization and become the sixteenth largest corporation in the world (DeCarlo). Last December, however, the Brazilian government filed an $11 billion lawsuit against Chevron over an oil-spill that took place off its coast in November. The spill was comparable, by some, to one that took place in 2010, which flowed into the Gulf of Mexico continuously for three months. Although, another article that I found mentions that it was only 0.1 percent (3,000 barrels) of what was spilt into the Gulf of Mexico (PR Newswire). Regardless of the amount of the spill, the Brazilian government is taking action because they are not happy with how Chevron has handled the situation. In addition to the negative impact the spill has had, Chevron has also been said to “have downplayed” the spill. They have made it seem as if it’s not an issue at all. Many Brazilian environmental...
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...Chevron Pardip Singh MGT330 July 19, 2011 James Gargas Chevron According to www.Chevron.com “Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide.” Also, Chevron Company is one of the largest oil companies in the United States. Chevron is out of San Ramon, California. The company started in 1879 with the discovery of oil in Pico Canyon north of Los Angeles. The name Chevron became its legal entity name in 1984. Chevron also merged in 2001 with Texaco to grow its business in crude oil and the natural gas market around the world. The company employees 58,000 people around the world and also 4,000 in service stations. Chevron is producing more the two million barrels of crude oil each day. In this paper, the following topics will be discussed, human resources, technology, monetary and how this organization has optimized these organizational resources for effectiveness and efficiency. Chevrons human resources values diversity and they believe that diversity brings values and rich ideas to the company. Chevron holds strong principles against employees to have them reach their full potential The Company has received seven awards each year for possessing the perfect score for human rights campaign. Chevron does not hold any prejudice when concerning hiring employees who are gay, lesbian, and bi-sexual and transgender. Human resources department of chevron reaches out to universities and colleges to obtain...
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...News report P2 The following news report concerns the unethical behaviour coming from a leading oil company that is Chevron. It is reported they are currently causing extreme damage to the environment in Ecuador as a result of their bad practises. We have been informed that more than 18 billion gallons of toxic wastewater has been dumped in the areas surrounding their operations, there have also been reports of around 17 million gallons of crude oil being spilt alongside vast amounts of hazardous waste being left in open pits in the forest floor; all in a bid for Chevron to save money. These practises did not meet industry standards and are illegal in both Ecuador and the US. Chevron is now on the run from the Ecuadorian courts as they are required to pay $9.5 billion dollars to pay for the clean-up and remediation of the Amazon Jungle. The Ecuadorians have filed law suits in Canada and Brazil to seek seizure of Chevrons assets. The results of this unethical behaviour will impact many, such as the communities living in Ecuador, the shareholders and their sponsors alongside many more. The communities living in the affected areas will be impacted most, it is reported that there has been a wave of mouth, stomach and uterine cancer, birth defects and spontaneous miscarriages that have come across the indigenous people. As a result of this pressure groups such as the ‘chevrontoxico’ group and amazon watch have begun campaigning to raise awareness of the illegal and destructive...
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... anonym2@mail.au Company: Chevron Corporation Title: Corporate Social Responsibility: An Analysis of Chevron Other Details: Semester 1 2014, Bentley Campus (Word Count: 1568) Introduction Multinational Energy Companies, like Chevron Corporation, have a broad and significant social, economic and environmental impact on the globe and as such are in a position to influence the lives of many people. Chevron is involved in many different facets of the energy business, including exploration, refining, production and transportation. The company employs approximately 60 000 people in the oil and natural gas industry, with interest in 180 countries (Chevron Corporation SWAT, 2009). With the rise in global communication associated with the information age, companies like Chevron have to establish symbiotic relationships, focused on sustainable development, with society in order to satisfy increasingly environmentally conscious stakeholders. In this context a symbiotic relationship refers to one that is cooperative and mutually beneficial (Langella et al. 2012, 51). At the foundation of such a relationship is respect for health and wellbeing of communities that interact with the company and its operations. Chevron has displayed care and respect for the local communities and their welfare on a number...
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...Challenges While embracing an effective and productive global business environment, there are often ongoing matters such as unethical business challenges, failure to embrace technology advancement, and stiff competition among businesses (Chevron, 2012). It is the responsibility of each individual global company to ensure that proper strategies and policies are utilized to address these challenges. This paper will analyze the Code of Conduct of Chevron Corporation, as it relates to other companies in the industry, while simultaneously determining the key issues impacting the company and how technological advancements may face challenges in the global society. Chevron is a company that has an extensive strong history, which began when a group of explorers and merchants established the Pacific Coast Oil Company on September 10, 1879, in San Francisco. The company has changed its name more than once, but claims to have always retained their founders’ spirit of grit, innovation, and perseverance (Chevron 2013). They have transformed into what is now Chevron Corporation, recently ranked 9th among the world’s top oil companies by Petroleum Intelligence Weekly in 2013, second among US oil companies behind ExxonMobil (Chevron 2013). Chevron has partnered with other companies, each with their own unique history, strengths, and character. Essentially, they have grown from a San Francisco based company with a five state market in the Western United States, to a major corporation whose...
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...Chevron Corporation What began as the Pacific Coast Oil Company on September 10, 1879 in San Francisco transformed into what is now Chevron Corporation, recently ranked 8th among the world’s top oil companies by Petroleum Intelligence Weekly in 2011, second among US oil companies behind ExxonMobil. The company has a market capitalization of over $204.9 billion. They have expanded into essentially every area of the energy industry, including exploring for, producing, and transporting crude oil and natural gas; refining, marketing, and distributing transportation fuels and lubricants; manufacturing and selling petrochemical products; generating power and producing geothermal energy; providing energy efficient solutions; and developing energy resources for the future, such as advanced biofuels. In 2011, Chevron produced, on average, 2.673 million barrels of oil per day, 75% of which was done outside of the US. By the end of 2011, Chevron’s global refining capacity reached 1.96 million barrels of oil per day. They are the largest private producer of oil in Kazakhstan, oil and natural gas producer in Thailand, and overall oil producer in Indonesia. Currently, Chevron has numerous projects underway that will tap into new resources around the globe, including several offshore projects in Africa, Asia, and Europe. They are also involved with the development of the Athabasca Oil Sands project in Canada and the development of steam used to recover oil. As mentioned, they have begun...
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...1. Externalities – make exchange that effects third party who is outside the exchange 2. A. If everyone lived like you, we’d need __4.4_____ Planet Earths to provide enough resources. B. To support your lifestyle, it takes ___19.7____ global acres of Earth’s productive area. 3. One chip in a computer is all that needs changed- I looked up changes for a mac between years and there are more than just a chip change, but the difference is so slight that it doesn’t really change performance. http://www.imore.com/macbook-pro-retina-display-13-inch-vs-15-inch-which-powerful-mac-laptop-right-you We see over 3,000 ads a day?- this is correct anywhere from 2,000 to 20,00 http://www.fluiddrivemedia.com/advertising/marketing-messages/ We need over 4 earths at the rate we are going- this is correct http://www.footprintnetwork.org/en/index.php/GFN/page/calculators/ Planned obsolesce- designed for the dump- make stuff to be useless as quickly as possible so we toss and buy more. Perceived obsolesce –Companies convince us to throw away stuff that still works, do this to get us to buy more by changing the looks. It was very informative and gave a lot of good points. It makes me think twice before I buy something in style because in a couple months it will be out and I will have lost money. I think that it could be expanded on but 21 minutes was long enough. The video on the West Virginia coal mining and destruction of the land made me sad...
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...leading international oil and gas companies. We provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging”(“British Petroleum,” 2013, par.1). -Example of unsafe activity: The Deep water Horizon calamity is regarded as the biggest release of oil into the oceans (Black, R., 2010, par. 1). -Result: BP should recognize the bad influence of the accident they did, and make a series of solutions to solve the problem. Company # 2: Chevron -Description of company: Chevron is one of the best integrate energy companies in the word. -Example of unsafe activity: Chevron poured toxic waste into the water and lands; at the same time, they also destroyed the environment and the people who live in that land (Solar, I. I., 2012, par.1). -Result: Chevron must bear the forfeit for the government about the environment damages they caused. Ethical Company # 1: Ford -Description of company: One of the biggest companies to produce vehicles. -Example of safe activity: “each year we have continued to stay on track to surpass our product CO2 goal, which calls for a 30 percent reduction in CO2 emissions of our new U.S. and European vehicles by 2025, compared to the 2006 model year” (Kanani R., 2014, par.11). -Result: Ford devotes themselves to produce vehicles which have less pollution and Ford focus on reduce the influence...
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...Amazon Watch is active in many campaigns to protect the Amazon. One major example of their work is the campaign to “Keep the Oil in the Ground”, an active campaign which calls for mega corporations such as Chevron, British Petroleum (BP), Petro China, and many other oil companies to stop their drilling activities in the Amazon. Amazon Watch’s article, entitled “Keep the Oil in the Ground”, puts the critical need to protect the Amazon in perspective, stating, “The Amazon houses one-third of the earth's plant and animal species, produces a fifth of the world's freshwater and plays a critical role in regulating our global climate as it produces oxygen and absorbs carbon, and drives global weather patterns (Amazon Watch, 2015).” Although the value of the Amazon to our world is apparent, such facts are overlooked or simply ignored by the oil corporations that continue to drill in the...
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...Positioning * Marketing Program – Pages 18-21 a. Product Strategy b. Price Strategy c. Promotion Strategy d. Place Strategy * Financial Data and Projection – Page 21 a. Past Sales Revenues b. Five Year Projection * Organizational Structure – Pages 22-24 * Implementation – Page 24 * Evaluation and Control – Pages 24-25 * Bibliography – Page 26 Executive Summary Chevron Corporation’s (CVX) core business provides their customers with fully supportive administrative and financial management dealing with the integrated petroleum, chemicals, and coal mining segment of the Integrated Oil sector. Despite volatility in commodity prices, depressed financial and debt markets, and political uncertainties, Chevron has been able to grow the business at a healthy rate. The demands for the corporation’s products are largely a function of global economic activity, weather patterns and governmental stability. The development of projects is very crucial for a business within the energy sector in order to maintain market share and bottom line growth. Chevron Corporation’s (CVX) has many...
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...Environment Bus 457 11/25/2014 Chevron Chevron, one of the oldest energy companies in United States, was first founded as Pacific Coast Oil Company in 1879 and was named as Chevron Corporation in 1984. Several companies were established after Standard Oil’s split during 1980s’ and Chevron Corporation was among those big energy corporations who merged with those companies. The company is publicly traded on NYSE, Dow Jones Industrial Average and S&P 500. Chevron is involved in petroleum and natural gas industry. It does almost anything related to the industry from exploring to generating power. With over 60,000 employees Chevron operates business in 84 countries; Angola, Australia, Gulf of Mexico, Kazakhstan, Nigeria and United States are regions where the cooperation mainly operates primary exploration and production. Other than oil and natural gas, Chevron is engaged to biofuel, geothermal, hydrogen, solar and wind energy production. According to the official website for businesses Chevron offers following goods and services: * Additives * Aviation Oils * Base Oils * Chemicals * Fuels * Lubricants * Marine * MSDS * Specialty Products * Technology And for consumers it offers goods and services listed below: * Fuels and Stations * Gift and Credit Cards * Pay Bill * Motor Oils and Fuel Additives Code of Ethical Conduct Chevron relies on values such as integrity, trust...
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...Crude, a documentary by Joe Berlinger, provides an eye-opening look into the highly controversial battle between Texaco and the Amazon Jungle of Ecuador. The film follows the lawyers’s fight to improve the jungle’s living environment and restore the original beauty of the Amazon. Texaco has been contaminating the rainforest for around three decades, poisoning the water, air and land. The pollution has created a ‘death zone’ that has been increasing the rates of cancer, leukemia, birth defects, and several other health illnesses. This ‘David and Goliath’ story brings up an array of topics: human rights, the power of the media, global politics, multinational corporate power, and celebrity activism. The film was shot in different countries and in multiple languages. Berlinger presented the situation and issue from all viewpoints, capturing the drama and events as they slowly unfolded. There were many people involved, but their main focus was to advocate and fight against the environmental and human suffering in the Amazon. The lawsuit against Chevron, the 5th largest corporation in the world, has been going on for 16 years already. They’re hoping that Amazon will run out of funds to fight against the company. In the beginning, there were only a few people supporting and helping the Amazon. But through interviews like Vanity Fair, it allowed the families and parents living in Amazon to tell their heartbreaking stories. Many of them have lost their children from birth defects, cancer...
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...* Saudi Arabia * Russia*** * U.A.E * Canada * Venezuela * Kuwait * Nigeria * Mexico * China * Iran Oil (*** top producer) Natural Gas (*** top producer) OPEC: Organization of the Petroleum Exporting Countries- aim in the oil and gas industry is to shift the bargaining power from the large oil companies to the producing countries Member Countries: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezula OPEC: Organization of the Petroleum Exporting Countries- aim in the oil and gas industry is to shift the bargaining power from the large oil companies to the producing countries Member Countries: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezula Preference Major Competitors IOC’s (Integrated Oil Companies)- companies that are vertically integrated from exploration to refining, marketing, and retail. * Petrochina -Chevron * ExxonMobil -Eni * Gazprom -ConocoPhillips * Royal Dutch Shell -Rosneft * Sinopec...
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