Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Read the paragraph very carefuly and answer the questen which is mention below People in West African countries, among the poorest in the world, survive

Read the paragraph very carefuly and answer the questen which is mention below

People in West African countries, among the poorest in the world, survive on $1 a day and have a life expectancy of 46 years. But in 2004, Equatorial Guinea had a GDP (Gross Domestic Product) of $4,472 per person, the highest in West Africa. In 1995, Equatorial Guinea found oil off its coast, and by 2004, ExxonMobil, Amerada Hess, and Marathon Oilall U.S. oil companieswere helping that West African country produce $4 billion of oil revenues a year. Equatorial Guinea's inexperienced government agreed to give 80 percent of these revenues to the oil companies that drilled the oil for them, although oil companies in developing nations usually take about 50 percent of revenues from oil projects. The oil companies channelthrough Riggs Bank, a 2004 Senate report revealed hundreds of millions of dollars to Equatorial Guinea's president, T. Nguema, and his family for "land purchases," "security services," and "office leases." A Department of Energy report says that because Nguema and his family run the government, the 20 percent of oil revenues that go to the government are spent on "lavish personal expenditures," and so most oil money is "concentrated in the hands of top government officials while the majority of the population remains poor." If Nguema had not been paid, of course, the Equatorial Guinea government would never have approved the oil project. ExxonMobil says it has spent "$4 million" and Marathon Oil and Amerado Hess claim to have "invested millions of dollars" on schools, libraries; programs for the eradication of malaria, polio, and AIDS; health clinics, bridges, waterways, and electricity. A U.S. human rights report says Equatorial Guinea's government

violates its citizens' rights of free speech, of the press, of assembly, of due process, of association, of religion, and of movement and uses torture, beatings, and other physical abuse against political opponents.

Answer the following question.

Q1. What would utilitarianism, rights theory, and justice say about these activities of ExxonMobil, Amerada Hess, and Marathon Oil in Equatorial Guinea? there must be detail answer of two hundred words

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Methods For Business

Authors: Donald Waters

5th Edition

273739476, 978-0273739470

More Books

Students also viewed these General Management questions