The BP Oil Spill in the Gulf of Mexico occurred on April 20th 2010 and has been the worst spill in U.S. history. The prices of its shares had dropped from 600 points on the London Stock Exchange on April 20th to about 300 points in the beginning of July. However, following this tragic event, investors had been told by BP that the spill was small enough to be contained, that BP had no faults and that the consequences following the damages were to be minor. This was not the case, the spill was not small at all and faults were definitely pointed in the direction of BP. The consequence on the other hand, were the critical point for these investors. They had invested their money into this company hoping for great returns, but instead were lied to and lost a large sum of money. Not only is this unethical business practice, but this is unethical in terms of being human. Lying to cover your own faults is unacceptable, especially when there are many investors and great deals of assets at stake. The opportunities that BP had with investors have ended up only as their weaknesses for the future years to come.
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