Business Ethics

Business ethics is concerned about policies and practices governing the business in terms of contentious issues involving, trading within the company, corporate social responsibility, discrimination, bribery and corporate governance

Business ethics is concerned about policies and practices governing the business in terms of contentious issues involving, trading within the company, corporate social responsibility, discrimination, bribery and corporate governance. My stand will to defend the board by advocating for a shift to exploring renewable resources with the fact that this will be dealt with socially, economically and politically in order to promote ethical measures within Alberta. Ethics is not only concerned about creation of a conducive environment for the society, but ensuring that the organization is responsible for its activities.

Oil production begun in Athabasca in the late 1960s the time when there was high demand for oil. Following an energy crisis that took place in the year 1970s, there has been an increase in demand for oil worldwide thereby leading to the expansion of oil sand production in Alberta. The production process was carried out at 30,000 barrels on daily basis which is approximated to be 1.3 million barrels per day. VP is charged with the responsibility of transporting 800,000 barrels of oil sands bitumen to the rest of the worlds refining hub daily on the U.S. Golf Coast. The production process is estimated to be 4 million barrels of oil which is done daily. Athabasca oil sands are located under 141,0002 km of boreal forest also with peat bogs that contains 1.7 trillion barrels of bitumen in heavy crude oil.

As indicated by knowledge news, more information is provided concerning Albertas Athabasca oil sands production which shows that 174 billion barrel of oil is gleaned from the storage. It is approximated the world consumes a total of 8.4 million barrel of oil daily whereby the reserved oil worldwide is 1.2 trillion barrels as indicated by the oil industries. In calculation, on yearly basis, a total of 31 billion barrels of oil will be used in that after 39 years, all the reserves will be finished.
Oil is considered as one the commodities that are pervasive in Alberta especially in form of gasoline used in vehicle fueling also as natural gas that we use in our homesteads for the provision of heat. Oil in Alberta is exported for revenue collection thereby building the economic sector of the country. To some extent, the above stated reasons are alarming with the sense that 39 years is not a long duration to be covered basing on the fact that oil cannot be renewed. Following the worlds increase in reservation methods, advancement in technology that improves the efficiency of oil usage, the time available is not enough. The amount of oil used on daily basis is high and keeps increasing due to the increase in number of people using oil. This is a clear indication of the quandary that we face currently. It may hard to speculate if we will be alive in 78 years to come thereby believing we will have enough oil to sustain us until at the end of that period.

No one is judged with the obligation to think about the next generation in that having such an idea, it will help us in responding towards the reduction in industrial growth of Albertas oil sands thereby being a reference to utilitarian concept of ethics. As supported by Peter Singer, utilitarianism starts with emphasizing on the principle of equality in terms of personal interest ( Pojman and Pojman p. 76). The principle is more concerned about morality which is seen as a punishment to us. By holding this principle, it is important to value utility which involves maximum utilization of the results we get from the present actions. No apparent information is provided on how utilitarianism promotes morality in solving oil sand issues in that peoples interest is based on their current life without considering future generations. Therefore, utilitarianism principle will have to work for the interest of the Canadians based on cost benefit scrutiny.

Based on Milton Friedman, a society that puts more emphasis on equality on the freedom allocated to the citizens and the organization operating in that particular country, will end up getting both. The important thing to consider is the final impact that a given strategy and policy will have the environment and how such will be eradicated. Milton advocated for the solution of the problem and not the benefits received from it.

According to his research, the government is not responsible for the natural resources and therefore, the best thing is to expand on production process rather than concentrate on renewing of the available resources. The government may end up embezzling the available resources aimed at supporting the production process thereby leading to the collapse of the oil industry. Friedman advocated for equality and respect of human dignity and not undermining the minority based on governmental rules and regulations. He does not agree with my stand in that he puts more emphasis on free and fair dealings within the environment in which we live. His major focus was on free markets for all without judging one based on color or religion but the important thing is what they can provide at the end for you to consume.

Based on future generation and the obligation to such individuals, Golding gives a more detailed research on what is called, Moral community. These involves the immediate people whom we live with and the obligations we have towards them. The concept addressed here is the issue of understanding each other and perceiving them to good in terms of the ideas generated. The important thing is to understand the interest of the future generation rather than advocating for our interest which may end up being meaningless. According to Golding, if the future generation is not taken care of, then there be no need of reserving oil since it is not clear if they will use it. The problem at hand only affects the current generation in that the consumption of oil is based on industrial revolution since the past generation did not consume oil products and they managed to survive.

In conclusion, it can be deducted that current consumption of oil in Alberta should not have a negative impact on the community leaving within the environment as long as moral ethics is given the first priority. This will help in ensuring that all people are treated equally especially women who are undermined within the society. Base on utilitarianism, it can concluded that it is not in a position of handling all the activities of oil sands deliberate that targets to undermine the growth of industrial sectors just to fight for the future generation that we are not sure about their existence.