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Electricity doesn’t grow on trees. It falls from the sky.
Beginning in the 1930’s and up until the present day British Petroleum has been a major stakeholder in the oil industry. Needless to say it has played a considerable role in bringing Earth to the environmental crisis it now faces, specifically regarding the alarming and harmful rise of carbon dioxide in the atmosphere. Today’s societies tend to be characterized by their greedy corporations and their disconnection from the natural world. These factors can leave one with a disheartening sentiment as well as a pessimistic stance on the future state of the earth.
Somewhere in the midst of all the gloom a tiny ray of hope beams down from the sky. A new wave of business is taking its first steps across our nations, one built on the stones of social and environmental responsibility. British Petroleum is proud to be one of these corporations, dedicating a significant amount of effort toward the global endeavor to clean up our environment. BP, one of the world’s largest energy users, is leading the way in the movement to reduce carbon emissions. “In 1998, BP set a target to reduce greenhouse gas emissions 10% by the year 2010. On the 11th of March 2002, BP Chief Executive Lord Browne stated BP met its targets eight years early despite growing production, and at no net cost to the company.” (bpenergy.com) BP intends to hold its current net greenhouse emissions despite its plans for significant growth. BP ensures this growth will be sustainable and even 10% below the level of emissions in 1990. (bpenergy.com)
BP’s success is due to efforts to consume energy more efficiently, for example the promotion and implementation of cogeneration power. These are very efficient power installations that generate electricity and utilize heat by pumping it back into the operator’s plant- a very cost effective method. BP is not only becoming more energy efficient in regards to oil but it has also extended itself into the renewable energy field by developing a wider range of cleaner energies for its customers. They are devoted to “researching, investing, and building a material and alternative energy business with a focus on wind, hydrogen, and solar” power (bp.com).
With regard to wind, BP is making investments to produce low impact, clean energy solutions. They have been working on a partnership to build and run a wind farm at the Nerefco oil refinery in the Netherlands.
After a thorough examination into BP’s numerous strategies, further analysis into the company’s strengths, weaknesses, opportunities, and threats (SWOT) provides an overall performance level regarding the outcomes of their CSR and sustainability goals. Drag and Zimnol (2014) stipulated a SWOT analysis can provide structure to the internal and external factors affecting the company’s current and future outlooks. Additionally, a SWOT analysis can generate context regarding the company’s current relationship with the environment, which can portray the ways to both reduce environmental impact and regenerate damaged communities (Drag & Zimnol, 2014). Therefore, evidence suggests that although BP displays admirable strengths capable of maintaining
...heir gearing within a band of around 25% to 30% and to maintain our dividend policy of paying out 50% of underlying mid-cycle earnings. BP Amoco will continue to plan on the basis of a low oil price, driving down supply cost to ensure the group’s robustness at $11 a barrel. Capital spending this year should be around $7 billion and disposals $2 billion. Some $2.2 billion of the cost-reduction targets is expected to come from the upstream business, $1.4 billion from refining and marketing and $400 million from petrochemicals. After the $10 billion of divestments, the group expects to see gas production growing by 5% a year, and oil production by 8% a year.
Emotional Intelligence allows one to use their intelligence, empathy, and emotions to improve and heighten your gifts. Emotional Intelligence affects our personal performance in many ways. While it is true that we must have intelligence to get the job, we must be able to perceive, use, understand, and manage our emotions in order to perform to the best of our abilities. In addition, to controlling and using our emotions, we must also be able to understand and influence the emotions of others around us. As the information presented in this class has shown us our emotions including our moods play a vital role in the amount of effort we give and the work we do. I can attest to this myself, just this week;
Emotional intelligence ( E.M.) is the ability of an individual to detect both their own emotions and the emotions of others and use this information to guide their actions and adapt to the environment around them. Although skepticised by some scientists today, it is mostly accepted as an actual intelligence rating equivalent to the IQ scale. Emotional intelligence was first talked about , and used , in the 1990’s by Daniel Goleman (a scientific journalist ). Since then, it has been regarded as just important to success in life as I.Q.
" Oil is the life blood of our modern industrial society. It fuels the machines and lubricates the wheels of the world’s production. But when that vital resource is out of control, it can destroy marine life and devastate the environment and economy of an entire region…. The plain facts are that the technology of oil-- its extraction, its transport, its refinery and use-- has outpaced laws to control that technology and prevent oil from polluting the environment…" (Max, 1969). Oil in its many forms has become one of the necessities of modern industrial life. Under control, and serving its intended purpose, oil is efficient, versatile, and productive. On the other hand, when oil becomes out of control, it can be one of the most devastating substances in the environment. When spilled in water, it spreads for miles around leaving a black memory behind (Stanley, 1969).
The Big Bang is a theory that the universe was created in a very large
According to the American heritage dictionary of English language, the big bang theory is a scientific theory describing the origin of all space, time, matter, and energy approximately 13.7 billion years ago from the violent expansion of a singular point of extremely high density and temperature. Basically, this means that the big bang theory is based on the fact that the universe originated from a big explosion billions of years ago, but its origin can be credited to Edwin Hubble. The theory of the big bang grew out of Einstein’s equations of general relativity. There are so many theories and ideas involved in the creation of relativity; some that disprove the big bang and some that affirm it. There are more theories that disprove the validity of the big bang than there are theories that affirm it.
How has NBB taken a strategic approach to address these issues? Why do you think the company has taken such a strong stance towards sustainability?
An individual’s ability to control and express their emotions is just as important as his/her ability to respond, understand, and interpret the emotions of others. The ability to do both of these things is emotional intelligence, which, it has been argued, is just as important if not more important than IQ (Cassady & Eissa, 2011). Emotional intelligence refers to one’s ability to perceive emotions, control them, and evaluate them. While some psychologists argue that it is innate, others claim that it is possible to learn and strengthen it. Academically, it has been referred to as social intelligence sub-set. This involves an individual’s ability to monitor their emotions and feelings, as well as those of others, and to differentiate them in a manner that allows the individuals to integrate them in their actions and thoughts (Cassady & Eissa, 2011).
Since its discovery back in the year 1858 crude oil has been become one of the most sought after resources on the face of the planet. It is due to this fact that the oil industry has fallen into a rather odd category in the case of globalization and seeking out new markets, new labor and new customers. The reason being that the need for crude oil and fuel is always present therefore the product of oil in its basic sense sells itself and the companies do not have to go out and publicly advertise it in the sense that clothing lines and other commodities do. Oil companies must focus more on the matter of why an individual should buy their oil and along with other alternative fuels over their competitors even though in the end the companies products are the same thing. The company ExxonMobil has been the superior company in the oil industry for quite sometime now, and had plenty of success as individual companies before their merger in 1999. The reason for there success is partially due to the power they wield as the most successful company, leading to many new refineries around the world, making deals with smaller companies to gain access to new markets and are leading the world in alternative fuel research. However these things all come naturally to the biggest oil company in the industry, the real question is how they became the powerhouse they are now. That question can be answered by the way in which the company has not focused in globalizing their product of fuel and oil, but globalizing the image of the company company. This is achieved by focusing on charity in which they donate hundreds of millions of dollars, Foreign Direct Investment in areas in which they wish to expand by attempting to provide these impoverished areas wit...
BP’s primary activities include research and development in terms of technological innovations, production creation of fuels and other products, marketing and sales in terms of distribution via service stations and lastly services to the customers and the supportive activities include the company infrastructure like buildings and equipment’s, information system, human resources (skill employers) and finance in terms of cash.
Emotional intelligence is the individual ability to handle and detect the emotion that they experienced based on the information that they get, (Robbins & Judge, 2007). The person’s ability to control and manage their own emotion based on emotion in perception, managing self-relevant emotion, managing other’s emotion and utilization of emotion. Emotion perception is understanding and interpretation in own emotion and surroundings. Managing self- relevant is about how to manage and control the emotion. Managing other’s emotion which is capability to understand others emotion in surrounding. The utilization of emotion is about how they apply the positive and negative emotion in their life based on what
Wind is a form of solar energy. The term wind energy describes the process by which the wind is used to generate electricity or mechanical power. Wind turbines convert mechanical energy from the wind into electrical power. Wind turbines usually have three main parts. There are blades that connect to a central hub, a box behind the blades that contains the generator, and a long stem that connects to the ground. The way how it works is that the wind turns the blades, which spins a shaft that connects to a generator making electricity. After the electricity is produced it is sent through transmission lines to a substation that is sent to business and homes. For the sake of our planet, we must promote a renewable energy economy. Wind power can be a foundation of that sustainable energy future because it provides jobs in states that are building wind turbines, is a renewable energy source, and does not damage our environment. The environment will not be damaged by the pollution, the natural resources will not be used up, and there won’t be generating of hazardous wastes. Welcoming wind energy today will lay the foundation for a healthy tomorrow that will affect everyone in the United States. There are obstacles and challenges that will make it more difficult, but the environmental impact is well worth it to invest more money into wind energy.
Mr Price Group must also protect the planet by decreasing their carbon footprint even more and start more projects such as the rooftop gardens to lessen their impact on the environment to better publicity. Mr Price Group reduced their carbon footprint by 17% or 29 500 tonnes of CO2 emissions through improved energy usage and lower energy intensive lighting. They can also increase the amount of waste recycled at the head office which is currently only at 50%.
In addition to, a huge issue with non-renewable energy is the fact that we get most of it from foreign countries. According to a recent study done by Energy Information Administration, “58% of our petroleum comes from outside the country”, this means as some speculate, that o...