History Of Ethical Issues Of Chevron Essay

1193 Words Nov 17th, 2014 5 Pages
History of Ethical Issues in Texaco
Chevron is one of the major leading global energy companies, with its values being that “Chevron respects the law, supports universal human rights, protects the environment and benefits the communities where Chevron works” (Chevron, 2014). Chevron is doing just the opposite in Ecuador then what its values state. It all started in 1964 when Texaco discovered oil in a remote region of Ecuador. Chevron acquired Texaco in 2001, knowing about the environmental issues surrounding the firm during 2001 including the mass amounts of pollution in Ecuador. Texaco was a well-known company and was entrusted by the government to drill oil in Ecuador, but Texaco decided to make cost-cutting operational decisions that resulted in a gigantic environmental disaster.

The Environmental Issue
Chevron is responsible for one of the largest environmental disasters in history by deliberately dumping a massive amount of oil in the Ecuadorean Amazon. “During the timeframe of 1964 to 1990, Texaco drilled for oil in the Ecuadorean Amazon. Chevron cut corners in order to save an average of $3 per barrel, but ultimately doing so contaminated the entire water supply of the country” (http://www.chevron.com/about/chevronway/). This did not occur in one single event, but rather it was a daily occurrence over 3 decades. These events included maintaining unlined waste pits so the toxic waste went into the soil where Ecuadorian people harvest their food. Chevron also set…

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