Print Friendly, PDF & Email

Do you think these entities are making profits unethically? What are the consequences of their profiteering actions? Should they be punished and held responsible for the consequences of their actions? If yes, how should they be punished? Critically comment.

Topic:Ethical issues in international relations and funding; corporate governance

8) According to a 2013 study by the scientist Rick Heede, nearly two-thirds of carbon dioxide emitted since the 1750s can be traced to just 90 of the largest fossil fuel and cement-producing entities, most of which still operate. Fifty are investor-owned companies, including ChevronTexaco, ExxonMobil, Shell, BP and Peabody Energy; 31 are state-owned companies, such as Saudi Aramco and Norway’s Statoil; and nine are states such as Saudi Arabia and China. (Livemint)

These entities, while making huge profits, they also provide much needed energy to the world.

Do you think these entities are making profits unethically? What are the consequences of their profiteering actions? Should they be punished and held responsible for the consequences of their actions? If yes, how should they be punished? Critically comment. (300 Words)

Livemint