The concept of business ethics relates to this development because of the ways in which the crude oil will be transported to China. Using either the Northern Gateway pipeline or oil tankers presents a risk of spillage. The likelihood of such an event is higher because of the distance between Canada and China. As a result, environmental groups are opposed to the expansion of Enbridge Inc. The ethical question then becomes whether Enbridge should be more concerned about making money or protecting the environment.
Sunday, January 23, 2011
The Expansion of Canadian Oil and the Ethics Behind it
Enbridge Inc. is Canada's major oil distributor and the largest single supplier of oil to the United States. It was recently released that Enbridge would begin supplying oil to China as well. The company's decision to do so creates competition among countries vying for Canadian oil. This competition should result in an increase in profits for Enbridge because the company will be able to name its own prices.
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A company's goal is to maximize profit, and that is why Enbridge Inc. want to supply oil to Canada. By having this competition, Enbrige Inc. is able to set its own pricing. However, when I read this blog and whether they should be more concerned about making money or protecting the environment, I asked myself, why can't they do both? Is there a safe way to transport oil? If not, then this is a new idea. Someone coming up with an "environmentally" and safe way to transport oil.
ReplyDeleteThis is an interesting post however is there a link to an article with more information about this?
ReplyDeleteHere's the link to the article I referenced: http://online.wsj.com/article/SB10001424052748704747904576094513925922294.html?KEYWORDS=Enbridge
ReplyDeleteI'm sorry I didn't include it in the original post!