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* * * * Group D Agenda Overview of BP and the Gulf disaster Ryskin’s Methane Extinction Theory Before BP’s Action Ethical Issues Alternatives Recommendations After BP’s Action Ethical Issues Alternatives Recommendations Conclusion British Petroleum BP is a global oil and gas company Fourth largest company in the world BP operates in over 80 countries producing about 3.8 million barrels of oil per day servicing 22400 stations Gulf Disaster On April 20, 2010, there was a explosion on BP’s drilling rig “Deepwater Horizon” in the Gulf of Mexico, near Louisiana The oil spill caused the second largest environment disaster in U.S. history Additional Info The well was officially sealed 19 September 2010 (5 Months) Total of about 4,900,000 barrels (779,794,828L), peaking 62,000 barrels per day were spilled. Crude oil is at about $100 per barrel An area of 180,000km squared was covered affecting 50% of the 16,000 species in the Gulf of Mexico Birds covered in crude oil Stakeholders The Hidden Problem Ryskin theorized that: “251 million years ago a mammoth undersea methane bubble caused massive explosions. This poisoned the atmosphere and destroyed more than 96 percent of all life on Earth” “55 million years later another methane bubble ruptured causing more mass extinctions” The Hidden Problem Ryskin’s methane extinction theory states that “BP’s Deepwater Horizon drilling operation may have triggered an irreversible, cascading geological Apocalypse that will culminate with the first mass extinction of life on Earth in many millions of years.” The Hidden Problem “The oceans periodically produce massive eruptions of explosive methane gas. However small amounts are never noticeable.” “BP drilled down miles into a geologically unstable region and may have set the stage for the eventual premature release of a methane mega-bubble.” The Hidden Problem “Methane levels in the water are now calculated as being almost one million times higher than normal.” “If a meg
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