Hydrocarbon Extraction: Corporate Social Irresponsibility and Despoiled Milieu in the Niger Delta

Abstract

Corporate responsibility is an issue that is very important to business organisations in other climes, especially in developed countries. This is because an organisation that fails to care or contribute to its environmental needs may not survive for long. The concept of social responsibility, therefore, is the need for businesses to take responsibility for problems; social, economic and even political to aid the growth and development of its environment. The best way to do this is to ensure “best practice” in their operations. However, contrary to the above norm, the oil multinational in their extraction activities have operated outside the tenets of corporate responsibility, hence their failure to care for their operational areas in the Niger Delta. In their operations in the Niger Delta, the oil multinationals appears driven only by the profit motive; minimum investment for maximum profit in contrast to their operations in other climes. As, a result, the oil multinational have not only been nonchalant in their operations but have wreak severe havoc on the environment.