Oil Production: Corporation v Community: To produce or to cease?

Question

When it comes down to decide if production should continue, for which the likely outcome by educated public opinion on the decision to persist with an existing course of action, is amoral, unethical, and will continue with circumstances presently known to be negative, say loss of lives:
Why should a decision be made by a few chosen ‘wise’ people (corporate CEOs) or be based on ‘wise’ decisions ? These decisions are not necessarily ‘wise’, over the choice of larger pool of an educated audience ? (Apart from voting, which in itself could be arbitrary.)
Subsequent events prove that the loss of lives continue unabated should either choice be made, from a few select individuals or a pool of educated moral communities. If you knew the outcome would be unchanged, how would you choose ? Would more cooks necessarily spoil the broth ? What is the attraction or repulsion, of having a Nietzschean perspective over a Kantian one, when applied (as in practice) ? Should we let sleeping dogs lie ?

((Kantian: pure application of Kant (or rather academic purists) devoid of other philosophical inclusions not implied, though the slant on Kant could be more so over utilitarian reduction: to achieve the best outcome for as many people as is possible. Kindly place further queries for clarification if so required. Practical answer sought.))

Answer 1

Your question may also be asked as to the production of electricity. People get electrocuted everyday but, is it grounds to cease all production of electricity? Of course not. As long as all known safeguards are maintained, then the production should go forward to the betterment of society.

Answer 2

Huh? How is oil production amoral, unethical or have negative circumstances? Oil is a resource, and it's basically the lifeblood of the world economy. If production stopped tomorrow, people would not be able to work, they would starve, the situation would become worse.

Do you really think the world will ever not have a resource that is in the most demand, that people will fight over? Oil is not the first nor the last, it's just like spices, salt, gold or diamonds.

If the CEOs decided to stop producing oil, there companies would go out of business, everyone working there would be laid off. Does that sound like a good move?