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Stakeholders and their Interests or Concerns
Known to have adverse effects on the environment and the population at large if not well contained, some chemical wastes that if released to the environment will not only affect the immediate surrounding but also maintain the trend to the coming generations for a long period.
A government in its rightful position obligates to protect its citizens from such harmful exposures through either organizing proper disposals of the chemical wastes or banning the exploitation of resources that cause more harm than good. Implementation of strict laws should be the order of the day in curbing the dubious behaviors of multinationals that engage in this kind of exploitation.
Chevron has continuously assaulted the environment and destroyed lives in different countries all over the world where the corporation owns plants with its many effects visible and evident (Rainforest Action Network, 1). The drill for oil in the Amazon rain forest in northern Ecuador produces 18.5 gallons of toxic wastes that dumps into the streams where the population drinks and bathes. This dumping goes to the books of history as the largest environmental disaster by man ever. The waste contained lethal concentrations of some of the most dangerous chemicals known to man. The corporation considered this the only way of reducing costs of production by $3 a barrel leading to a sick population. The children and newborns, as the rates of defective births increased alarmingly felt the effects of the dumping.
The chemicals also caused ruptured pipelines that lead to gas flaring. The lives of the Ecuadorians were affected greatly many sectors of the economy from fishing to farming were threatened by the dumping (Rainforest Action Network, 1). Drinking he contaminated water was hazardous to the health of the people forcing them to seek alternative ways of life.
A ruptured pipe in Richmond California plant caused a fire, and instead of the corporation working on ensuring safety to the people, it has been trying to update the plant to process heavier oil grades that translate into increased rates of asthma, cancer, and heart diseases.
The corporation’s income policy far overrides the population safety as its depicted in the Alberta tar Sands oil reserve that the Canadian government considered the most destructive project on earth (Desmogblog, 1). The corporation ignored the reputational and competitive risks regarding the project and has since caused environmental impact to Canada with the destruction of habitats, formation of toxic lakes and clear cutting of Boreal forest.
Desmogblog (1) reveals that the corporation’s plan to keep its shareholders from voting on a resolution to the addressing of climate-related risks asking the corporation to address risks related to: water resources, biodiversity, and indigenous populations show how the company cannot handle the situations they create.
Corporations that engage in activities that impact on the environment should first pass an environmental assessment test for the safety of a nation’s biodiversity and indigenous populations. The government should impose strict penalties on these corporations in case of violation of such rules that put the interest of the population first. Shareholders too should not only look at what trickles into their pockets but on the welfare of the population that provides them with resources for their success.
Desmogblog. “Top 10 Facts About the Alberta Oil sands”. 11 Mar. 2007. Web. 01 Mar. 2013.
Rainforest Action Network. “Chevron’s Toxic Legacy in Ecuador”. 03 Feb. 2011. Web. 28 Feb. 2013.