Management Accounting Case Study Example | Topics and Well Written Essays - 1500 words

Management Accounting - Case Study Example The PAHs can be associated with oil spills and they include chemicals and carcinogens that are extensively harmful for the health of human beings and marine beings. The increasing level of carcinogens and chemicals in the water may causes severe ill effects on the health of human beings and marine life often causing frequent deaths among them and may also cause these living beings to be born with severe health problems caused by the toxic levels in the water carried through their genes. Also, the effects of the oil drilling activities are long lasting and continue to create damage in the health and lives of the human beings and marine animals for years even after the oil drilling activity or the oil spills have stopped. The spill exposure often lead to severe health problems among the workers involved in the oil drilling activities as well as among the inhabitants in and around the area of oil drilling. Despite the huge negative impacts of oil drilling operations on the social and environmental areas, oil drilling continues to be an important industrial operation for maintaining energy security in different countries. Oil continues to be the greatest source of energy and the demand for oil is continuously rising across the world because it is a natural reserve for energy. As such oil drilling continues to be in a dominant position for boosting the global economic growth and ensuring that a continuous source of energy is maintained. British petroleum is one of the leading oil and gas companies in the globe. The company is reputed for its large scale operations and its sustainability practices in the oil and gas industry. However, the oil spill in the Gulf of Mexico in 2010 caused severe financial and reputational damages for the company (British Petroleum Corporate Website, 2013, p.6). In this respect, the management of the company