The oil and gas industry, despite being the mainstay of global economic progress, is known for damaging the environment, destroying habitats and adversely affecting the livelihood of communities living near operation sites. The disruption of operations, as well as the growing awareness concerning petroleum as a non-renewable source of energy, has led to increasing interest in sustainability issues. A recent study noted rising expenditure on activities related to sustainability matters such as environmental remediation and industrial energy management among petroleum firms located in the United States of America (Verdantix, 2014). However, such increases in spending do not reflect a concerted effort to embrace sustainability, especially as new cost effective methods of extracting unconventional reserves adversely impact
The oil and gas industry, despite being the mainstay of global economic progress, is known for damaging the environment, destroying habitats and adversely affecting the livelihood of communities living near operation sites. The disruption of operations, as well as the growing awareness concerning petroleum as a non-renewable source of energy, has led to increasing interest in sustainability issues. A recent study noted rising expenditure on activities related to sustainability matters such as environmental remediation and industrial energy management among petroleum firms located in the United States of America (Verdantix, 2014). However, such increases in spending do not reflect a concerted effort to embrace sustainability, especially as new cost effective methods of extracting unconventional reserves adversely impact
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