Csr for Cnooc
Introduction:
With the rapid development of cross-border industry and increasing number of international trades, the corporate social responsibility requirements of a multinational enterprise has reached a height that had never been before. And the acceleration of global warming raised people’s awareness of the necessities of the environment in certain degree. However, the lessons the managers learnt from those incidents that damaged or polluted the environment happened in the past, was not able to ensure the corporate social responsibility can be conducted properly. Therefore, it is significant to assimilate the knowledge to protect both the company and its stakeholder, by analyzing the behaviors of the senior managements involved in this case research, which probably provides an optimal resolution for the companies that may be caught in the similar troubles.
In this research, the researcher will elaborate the accident which happened in 2011, Bohai Bay, China, where a China government controlled company, namely, China National Offshore Oil Company cooperates with a US-based company, ConocoPhillips to explore and drill oil. In the project, the two companies collaborating, the CNOOC accounts for 51% of the shares, and CONOCOPHILLPS accounts for 49% of it, whereas the minority, CONOCOPHILLPS, is responsible for conducting the real exploration and development. Unfortunately, in late June, 2011, some oil trace was discovered on the sea surface near the No.19-3 marine drilling platform in Bohai Bay. And the following information also proved that the 19-3 marine drilling platform was leaking the oil into the sea, while the amount of the leak oil kept increasing. The government had urged CONOCOPHILLPS and CNOOC to prevent the oil leaking into the sea water, while both of the companies did not prevent the tendency successfully. What is worse, the new leak point was kept being discovered in the following months. During this period the report that came after another
With the rapid development of cross-border industry and increasing number of international trades, the corporate social responsibility requirements of a multinational enterprise has reached a height that had never been before. And the acceleration of global warming raised people’s awareness of the necessities of the environment in certain degree. However, the lessons the managers learnt from those incidents that damaged or polluted the environment happened in the past, was not able to ensure the corporate social responsibility can be conducted properly. Therefore, it is significant to assimilate the knowledge to protect both the company and its stakeholder, by analyzing the behaviors of the senior managements involved in this case research, which probably provides an optimal resolution for the companies that may be caught in the similar troubles.
In this research, the researcher will elaborate the accident which happened in 2011, Bohai Bay, China, where a China government controlled company, namely, China National Offshore Oil Company cooperates with a US-based company, ConocoPhillips to explore and drill oil. In the project, the two companies collaborating, the CNOOC accounts for 51% of the shares, and CONOCOPHILLPS accounts for 49% of it, whereas the minority, CONOCOPHILLPS, is responsible for conducting the real exploration and development. Unfortunately, in late June, 2011, some oil trace was discovered on the sea surface near the No.19-3 marine drilling platform in Bohai Bay. And the following information also proved that the 19-3 marine drilling platform was leaking the oil into the sea, while the amount of the leak oil kept increasing. The government had urged CONOCOPHILLPS and CNOOC to prevent the oil leaking into the sea water, while both of the companies did not prevent the tendency successfully. What is worse, the new leak point was kept being discovered in the following months. During this period the report that came after another
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