Most of the modern economic decisions involve a dilemma between short-term benefits and long-term externalities. This can be best explained by the tension between oil sands industry and Athabasca Chipewyan First Nation (ACFN) committee. The have had a persistent debate over the protection or annihilation of the environment of Alberta.

The article, Athabasca Chipewyan First Nations Chief draws a line in sand, talk about the various implications that economic decisions have had in the past. The article is based on the interview of ACNF’s chief explaining the community’s viewpoint of how the environment has been affected by the various energy projects like “hydro development, uranium and faulty land management“.

The article also mentions hat they have been keeping their part of the initial agreement, however they have been disappointed with the government’s efforts of keeping with their part of the treaty. This brings out a pivotal argument whether treaties/agreements be respected and followed beyond the fact that they may turn out to be a loss? Clearly all the actions taken by the government are in the best of interest of their citizens, however respecting the honour of an argument shows the reputability and credibility of the person/organisation.

I feel that being truthful is an essential trait to possess in the business world, it is necessary in each segment of the company and helpful to communicate with each set of stakeholders including employees, suppliers and consumers.

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