Corporate Responsibility
and the Louisiana Oil Industry
by Rob Berns
Map of Louisiana, Highlighting the Barataria-Terrebonne
Watershed, an Area of Coastal Loss Concern
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I have chosen to focus my research on
the concept of corporate responsibility and the oil industry in Louisiana.
Corporate responsibility involves the ability of a company or an industry
to be responsible to all of its stakeholders in goals of sustainability.
In this definition, stakeholders does not merely include people who
stand to profit from the corporation in question; instead, stakeholders
include every party affected by the corporation in question, including
shareholders, employees, local people, the environment, and many others
(29).
The concept of corporate responsibility, then , is a barometer for examining
how well the oil industry works in conjunction with the world around
it. By examining the various contexts I have listed below, you can decide
whether or not you feel that the oil industry, which has been present
in Louisiana for over a century, is conducting business with corporate
responsibility in mind. |
Created May 1, 2005
Last Updated May 10, 2005