Wgu Jjt1 Task 1 Gas And Oil Company

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WGU - JJT1 - Social responsibility – task 1 Client: gas and oil company Introduction: Stephen Covey’s 2012 book “Smart Trust” talks about both sides needing to takes some risk to establish mutual trust. Without trust, there is more stress, less cooperation, and in the unfolding global workplace, less success. Although this is alien to some corporate structures, adaptation has its rewards. Change has the potential to give industry dominance over to those who do business “as usual”. The oil and gas industry has a number of glaring environmental and social disasters to account for, and its behavior suggests resistance to change. Although the world must have reliable energy, and the 7 billion plus population ensures growing demands for it, this does not exempt oil and gas mega-corporations from ethical practices. To the contrary, they are in a uniquely sensitive position to destroy the environment through their…show more content…
Loopholes that have been exploited by the shale “goldrush” mentality of drillers are closing. Costs will go up as compliance is demanded and enforced in more locations, or drilling is blocked entirely. Liability will also increase as documentation of fraccidents mounts. The current way of doing business is running out of time. Point 2 – Shale formations containing natural gas are present in multiple countries: China, America, Canada, Russia, and France, to name a few. France has banned horizontal hydro-fracking already. Czech Rrepublic may also. There is concern that more nations, especially in Europe, will ban fracking, thus locking out the oil and gas companies from exploiting shale gas formations. Within the United States, there are many “plays” to apply fracking for gas. By nature, any mineral resource is finite. Shale gas is no different. The image below is from the Shale Gas Industry Insider’s website. Point 3

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