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Introduction to sustainability management in the oil and gas industry
Centre for Global Finance, SOAS University of London, United Kingdom; University of Stellenbosch Business School, South Africa.
Umeå University, Faculty of Social Sciences, Centre for Environmental and Resource Economics (CERE). Environmental Policy Research Unit (EPRU), University of Cape Town, South Africa.
2023 (English)In: Sustainability management in the oil and gas industry: emerging and developing country perspectives / [ed] Joshua Yindenaba Abor; Amin Karimu, Routledge, 2023, p. 3-11Chapter in book (Refereed)
Abstract [en]

The world, since the industrial revolution, has relied significantly on oil and gas (O&G) resources to fuel, especially for its industrial and transportation activities. The major consuming block for oil before 2012 was always the Organization for Economic Cooperation and Development (OECD) countries, which are more industrialised relative to countries in the non-OECD block. In most emerging and developing countries (EDCs), when O&G resources are discovered, they are often quick to extract these resources with the aim of rapidly growing the economy, reducing poverty, and gaining some political capital without a careful management plan. Despite the transition to low carbon economy being underway along with the associated increased interest in renewable energy sources globally, especially among policymakers and investors in developed countries, demand for O&G resources will continue to surge due to growing demand from EDCs such as China, India, South Africa, and Brazil.

Place, publisher, year, edition, pages
Routledge, 2023. p. 3-11
Series
Routledge Studies in the Economics of Business and Industry
National Category
Social Sciences Interdisciplinary Economics
Identifiers
URN: urn:nbn:se:umu:diva-212474DOI: 10.4324/9781003309864-2Scopus ID: 2-s2.0-85165403569ISBN: 9781000890389 (electronic)ISBN: 9781032314617 (print)ISBN: 9781003309864 (print)OAI: oai:DiVA.org:umu-212474DiVA, id: diva2:1785816
Available from: 2023-08-04 Created: 2023-08-04 Last updated: 2023-11-30Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
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