canadian oil sands and ethical oil

Topics: Petroleum, Athabasca Oil Sands, Oil sands Pages: 38 (7170 words) Published: October 9, 2013
Oil Ethics

Oil Ethics

Table of Contents
Abstract



Introduction





Key Facts about the Canadian Oil Sands





Extraction Process



2.1 

Mining ........................................................................................................................................ 7 

2.2 

In-Situ Recovery ......................................................................................................................... 8 

2.3 

Economic Considerations ........................................................................................................... 9 



Impact on Stakeholders

3.1 

Environment ............................................................................................................................. 11 

3.2 

Society ...................................................................................................................................... 12 

3.3 

Economy and Politics ............................................................................................................... 13 



Ethical Oil

4.1 

Analysis under Aristotle’s Ethics.............................................................................................. 15 

4.2 

Further Ethical Considerations ................................................................................................. 16 



Conclusion

18 

References

19 

Appendix

20 



11 

14 

Statutory Declaration ................................................................................................................ 20 

2

Oil Ethics

Abstract
Two clear goals of mankind are reaching and ensuring a post-oil economy and incorporating the ethical process in business. How far are we in enabling this process to happen? I found the case of the Canadian oil sands to be of particular interest when analyzing business ethics in the oil industry. At first I give the reader some key-facts to become familiar with the case; secondly I describe how oil is extracted from the sand. This develops into a stakeholder analysis in the third section. Later, I approach the core question of this paper, that is to analyze if the oil sands can be considered ethical and what it would take to make them so. To do this I previously define what I mean with ethical oil. I ultimately found out that this case has not only to do with environmental impact, but also with a broader spectrum of institutional responsibilities. The economic benefits of the oil sands that, despite the environmental impact, could potentially ensure Canada a sustainable energy future, are not managed properly.

3

Oil Ethics

Introduction
John D. Rockefeller, founder of the (in)famous Standard Oil multinational oil corporation referred to oil as “the devil’s tears”. Juan Pablo Pérez Alfonso, creator of OPEC (Organization of the Petroleum Exporting Countries) was less poetic and called oil the “devil’s excrement”. These two men, who owe much of their fame and fortune to oil, recognized that somehow it was not the most ethical thing to get your money from. The modern world faces two challenges: the first one is granting a future without oil, the second one is implementing some sort of ethical behavior in businesses. This paper combines the two of them, analyzing a particular practical example that is gaining more relevance. My paper investigates the Canadian oil sands, the biggest industrial project on earth, where oil is extracted from sand in an energy and capital intensive project. I research whether this oil can be considered ethical. In what way do I define ethics in relation to oil? I consider one has to be realistic facing this question, so that oil cannot be labeled as unethical because it damages our environment and causes wars around our planet. Since we all need oil, it has some sort of incorporated ethic as it satisfies our needs. But there is...

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http://www.beg.utexas.edu/energyecon/thinkcorner/Alberta%20Oil%20Sands.pdf.
Government of Alberta (2010a). Alberta Oil Sand Industry (Fall 2010). Retrieved from
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