Stakeholder Analysis- Fracking Essay Example for Free

Stakeholder Analysis- Fracking EssayPursuing hydraulic fracturing as a top manager of chevron, I will describe the dilemmas that argon associated with fracking. The first problem with this procedure is finding the appropriate land and leasing it from the landowners. With talk around the country, it can be difficult finding land beca character of landowners private experience with the practice of hydraulic fracturing. In southwestern Pennsylvania there have been cases of animal ingest defects, faucet erosion, stomach pains, and other health issues in response, according to the New York Times, Range Resources maintains that a D. E.P. film from 2010 indicates no air pollution of any kind (Griswold, 2011). The country is torn in the middle of believe in inhering gases and not believing. check to Huffington Post, A report that the Congressional Research Service, which provides policy and court-ordered analysis to the U.S. Congress, published in November also seems to support the industrys sales pitch presumptuousness existing data, most indications point to the changes in the natural gas industry as positive to the boilersuit U.S. economy (Peeples, 2013) but there be still skeptics.The issue that my federation is facing in expanding the trading operations within this industry is, mainly, the uncertainty of the long term effects the fracking procedure is possibly contributing to. According to msnbc, fracking is causing earthquakes. Federal scientists presented a new study this week to the American Geophysical Union that suggests natural gas drilling is the likely culprit behind a skyrocketing number of earthquakes in the Raton Basin in Colorado and New Mexico companies began injecting whats called wastewater fluid from natural gas drilling into the Earth ( Gentile, 2012). incompatible publications are distributing articles of studies of health effects and environmental issues that hydraulic fracturing are causing. This in response is effecting the possible appendage for Chevron.My team is conducting a stakeholder analysis and we have determined several stakeholders which include the government, D.E.P., media, owners, shareholders, environmentalists, ecumenic public. Also formal are the interests of each stakeholder. With the general public interests being in their health, voting is one military force they could use to voice their concerns. Environmentalists and the D.E.P. are interested in the pollution fracking is causing and the D.E.P. could use their legal power to military service regulate the pollution. The concerns of the shareholders are the profits of the company and voting is their power they could use to fix problems within the organization. With the power of economics, the owners are interested in the success of the company. The media is concerned with the public knowing both sides of the issue. Lastly, one main interest in the government is the reconstructing of the economy and what hydraulic fracturing coul d create in jobs.The stakeholders that are most likely to resonate with the public are the general public, media, and the environmentalists. With media producing stories of the public being affected by the pollution and the environmentalists undergoing studies on the environment, this could create a negative image on fracking companies. Considering all the stakeholders, the one stakeholder that holds the most urgency is the general public that is being affected. The general public is the most urgent because they are being victimized and their voices are being heard throughout the country which is causing confrontational issues. Different coalitions could be formed by the environmentalists and the government. Different politicians could lobby to get a bill pass and environmentalists could form to fight bills. My recommendation for the companys consideration is to invest in more resource of the different affects fracking is causing and to fix the environmental issues that are caused.I deally, Chevron should follow the triple bottom line perspective because all three elements (planet, profit, and people) are strongly involved. But with the uncertainty of the new procedures and all the different effects, the stakeholder approach is more realistic for Chevron. Chevron could prioritize their stakeholders and focus on each of their needs. This company holds ethical responsibility to the general public because of the health hazards that are surrounding the drill sites. The legal responsibility the company has is to follow the regulations that are formed by the D.E.P.Works Cited1.) Grizwold, E. (2013). The Fracturing of Pennsylvania. http//www.nytimes.com/2011/11/20/magazine/fracking-amwell-township.html?pagewanted=all_r=1 2.) Gentile, S. (2012). Fracking is transforming our energy economy- but its also causing earthquakes. http//tv.msnbc.com/2012/12/08/fracking-transformed-our-energy-economy-but-its-also-causing-earthquakes/ 3.) Peeples, L. (2013). Fracking in Pennsylv ania Sets Up Dilemma For Locals Quick Money Or Long Term wellness Concerns. http//www.huffingtonpost.com/2013/01/25/fracking-pennsylvania-natural-gas-lease-landman_n_2546824.html?ir=greenutm_campaign=012513utm_medium=emailutm_source=Alert-greenutm_content=FullStory