Free market ethics egoism and utilitarianism

(1)
Name the company case study you have chosen.
10
(2)
In this case study the company made a key decision central to the scandal and causing legal implications. State in one sentence the two choices the company had and the decision in made. For example, this is a statement of a decisional dilemma:
“Company ABC chose the cheaper option of dumping toxic waste in the River Green instead of disposing it in proper containers at legally authorized toxic waste disposal facility.” 10
(3)
Identify the law(s) and/or regulation(s) violated by the company’s action, including statute citation. Example:
Clean Air Act, 42 U.S.C. §7401 et seq. (1970) 10
(4)
Choose ONE of the following three ethical frameworks that most closely explains the company’s choice of conduct in making this decision. Write your selection in the next column. YOU WILL DEVELOP THIS IN YOUR WEEK 7 PPT.
• free market ethics
• egoism
• utilitarianism 10
(5)
Cite one peer-reviewed or scholarly article* that explains and discusses the ethical framework you selected in the above question.

    10  

(6)
Choose ONE of the following three ethical frameworks that, if followed by the company, would have led the company to make a different decision. Write your selection in the next column. YOU WILL DEVELOP THIS IN YOUR WEEK 7 PPT.
• ethics of care
• virtue ethics
• deontology 10
(7)
Cite one peer-reviewed or scholarly article that explains and discusses the ethical framework you selected in the above question.

    10  

(8)
Identify another legal issue involving this company either in the case study or otherwise in your research about this company. This must relate to the company and be in addition to the main legal issue or claim relating to the decision. Examples: contract, bankruptcy, whistleblowing, employment law, torts, intellectual property, criminal law, intellectual property.
Simply state the area of law or claim here. You will expand and explain this in your Week 7 PPT. 10

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Sample Answer

 

 

Company case study: Trafigura toxic waste dumping scandal

Two choices the company had and the decision it made:

  • Dispose of the toxic waste in proper containers at a legally authorized toxic waste disposal facility (costlier option)
  • Dump the toxic waste in the Côte d’Ivoire (cheaper option)

Decision made: Dump the toxic waste in the Côte d’Ivoire

Full Answer Section

 

 

 

Laws and/or regulations violated:

  • Côte d’Ivoire:
    • Law No. 2006-07 of March 13, 2006
    • Order No. 87-344 of April 28, 1987
  • International:
    • Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal

Statute citation:

  • Côte d’Ivoire: Law No. 2006-07 of March 13, 2006
  • International: Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal, Article 4

The Trafigura toxic waste dumping scandal was a major environmental and human rights scandal that occurred in 2006. Trafigura, a Swiss-based commodity trading company, chartered the ship Probo Koala to transport toxic waste from the refining of petroleum products. The Probo Koala was refused entry to several ports before being allowed to dock in Abidjan, Côte d’Ivoire. Trafigura then paid a local waste disposal company to dispose of the waste.

The waste was dumped in a slum near Abidjan, resulting in the deaths of at least 17 people and the non-fatal poisoning of thousands more. The scandal also caused widespread environmental damage.

Trafigura was found guilty of violating several laws and regulations, including the Côte d’Ivoire law on the management of hazardous waste and the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal. Trafigura was fined $150 million by the Ivorian government and agreed to pay $15 million in compensation to the victims of the scandal.

The Trafigura toxic waste dumping scandal is a prime example of the dangers of corporate greed and the importance of environmental and human rights regulations.

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