Business Ethics Corporate Values Love Canal Scandal Essay

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Business Ethics

Corporate Values

Love Canal Scandal

The Love Canal situation dealt with a chemical company that buried there toxic chemical waste and then sold the land that was contaminated. The Hooker Chemical and Plastics, Co. bought a canal that was unfinished because the owner went bankrupt before he got to finish it. Hooker then filled a large area, a 3,200 ft. section of the canal with chemical waste. It wasn't Hooker alone who dumped in this area. In the same period, several other chemical companies as well as The City of Niagara Falls also were also adding to the waste. Hooker claims to have chosen this site for hazardous waste due to the clay composition in the subsoil and the fact that not many people lived nearby.

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The company reported to have buried approximately 21,800 tons of chemical waste in the canal.

The company later sold the land for a dollar to the Niagara Falls School Board. However, despite the one dollar sales price, there was a clause in the contract that let the company out of any liability that it might have in regards to any environmental damage. The liability was then transferred to the school board and eventually people started getting ill from the waste leeching into the local ground water. Although the Hooker Chemical Company was no longer legally liable for any damages, the company certainly acting as a scoundrel. The school board was most likely the least responsible party for the environmental damages yet….....

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"Business Ethics Corporate Values Love Canal Scandal" (2013, June 21) Retrieved June 6, 2026, from
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