Compose a 500 words assignment on chevron: identity of the various stakeholders and their interests or concerns. Needs to be plagiarism free!

Posted: December 30th, 2021

Compose a 500 words assignment on chevron: identity of the various stakeholders and their interests or concerns. Needs to be plagiarism free! Stakeholders in Chevron Controversies On 15 February an Ecuadorian court found Chevron guilty of pollution in the country’s Amazon forest region by Texaco from 1972 to 1992. Chevron acquired Texaco in 2000. The court fined Chevron $8.6 billion for extensive damage to rivers and forests and subsequent harm to human health in the Amazon region. The stakeholders in this case are Chevron and the indigenous peoples of the Ecuadorian Amazon. Chevron is a stakeholder because the alleged pollution was carried out by Texaco, which is now a subsidiary of Chevron. The indigenous people of the Ecuadorian Amazon are stakeholders because the alleged pollution that Texaco is responsible for, resulted in contamination to forest and water resources which their livelihoods depend on. Consequently, their health has been adversely affected over the years as evidenced by increased cancer rates and loss of farm animals and crops. Chevron’s interest in the case is maximization of profits. Chevron has denied the charges because it will incur loss of profits due to damages that it claims it is not responsible for inflicting. Similarly, Texaco’s interests when committing the offense was to reduce costs and, therefore, reduce oil prices by $3 per barrel.

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