Business Ethics

Business Ethics

The subject of global warming has gradually risen to startling rates as noted with the advent of the 21^st century, attributed to the heightened from of publicity accorded to the problem. The most notable cause accounted to this phenomenon is attributed to the enhanced greenhouse gases, with the major constituent being carbon dioxide as an industrial effluent with varying devastating impacts on the ecology. The adverse environmental impacts attributed to the greenhouse surge as noted with the frequency of drying water catchment areas, diminishing glaciers and ice covers, floods and modification of weather patterns just to name a few is undisputable (Stein, 2001). However, the food and oil markets have overstated the projected impacts of this occurrence towards the establishment of outward demand that will enhance the profit levels.

A notable trend in purchasing patterns within the motor industry has been the substitution of oil products that emit a high level of carbon leading to environmental degradation. Hydrogen cell technology and bio-fuel consumption within this period has notably gained a considerable share due to the green movement. In the period 2005, the Energy Act was adopted into the American economy offering monetary incentives to oil companies towards the adoption of ethanol technology for ecological preservation. However, with the substitution costs being high for such organizations, only a minimal effort has been realized.

The food industry is also faced with the same problem as irrigation practices are on the increase due to the disparate weather patterns. Through the overstatement of the global warming, the pressures created by the citizens will eventually overcome the government positions into according more incentives to both industries and thereby bearing the risks and overheads attached to process substitution (Brown, 2002). Subsequently, this will shift the liability of such companies to the public leading to an excessive burden on individuals in terms of pricing while the companies acquire higher profits.

References

Brown, D. A. (2002). American heat: ethical problems with the United States’ response to global warming. Lanham, MD: Rowman & Littlefield.

Stein, P. (2001). Global Warming: A Threat to Our Future. New York, NY: The Rosen Publishing Group.