BP Oil Spill

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The several possible stakeholders involved in BP Deepwater Horizon / Gulf of Mexico Oil Spill in 2010.
Stakeholder theory states that the stakeholders of a company are not just its direct owners but the stakeholder are any individual, group or entity that a company has benefited or burdened by its actions and those who benefit or burden the firm with their actions.
The first stakeholder’s impact by the Deepwater Horizon Oil Spill were the workers on the platform itself. Cleveland 2010 states, when the platform exploded 126 individuals were on there and only 115 were displaced. After a three days search 5,200 miles covering the Coast Guard called off the rescue operation stating that the deadline for the reasonable expectations of survival had passed. The 11 presumed dead members of the crew were not the only ones affected by the tragedy. Other major stakeholders include, the environment. The Gulf fishing industry and tourism companies and dependent businesses and communities.
Different types of stakeholders of the BP Oil Spill
• Environment
• Environmental Activists
• Fisherman
• Government
• Media
• Oil Industry
• Oil Spill Clean-up workers
• Tourists
• Tourist driven businesses
• Tourist driven communities …show more content…
The environmental impact of an oil spill on sea organisms and their ecosystems has been well known. The Oil Pollution Act 1990 commands that a Natural Resources Damage Assessment be compiled for each oil spill. The assessment consents renovation efforts to be completed in the areas of most need by determining the impact in terms of fish killed and wetland destroyed. In 2013, the National Academy of Sciences states that, the report conformed for the BP oil spill states that approximately 1,100 miles of coastal wetland were victim to the effects of the spill. It was determined that areas where vegetation and root systems were destroyed by the spill erosion will adapt marshland into open
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