Abdollah Esmaeili
Most countries depend on oil. Countries are interested in having an oil production capability or to be assured access to the free flow of oil. History has provided several examples in which countries were willing to go to war to obtain oil resources or in defense of an oil producing region. This trend is likely to continue in the future until a more economical resource is discovered or until the world's oil wells run dry. One problem associated with this dependence on oil is the extremely damaging effects that production, distribution, and use have on the environment. Furthermore, accidents and conflict can disrupt production or the actual oil resource, which can also result in environmental devastation. One potential solution to these problems is to have environmental strategies in petroleum industry. We will discuss about these subjects in this paper briefly.
For oil and gas corporations, sustainability has long been a top priority. The heart of existing sustainability initiatives is adherence to health, safety, and environmental requirements, as well as increasing contributions to the society in which they operate.
The growing impetus for a low-carbon transition is necessitating new standards for sustainability initiatives. Evolving government climate regulations, direct public and shareholder action, and shifting investment strategies by significant institutions are putting pressure on oil and gas corporations to cut emissions. Low carbon energies are becoming increasingly competitive with oil and gas due to improving technologies and economics, posing both dangers and possibilities for oil and gas corporations. Companies will need to develop proactive and transparent sustainability strategies that maintain their licence to operate in their traditional business while identifying and securing new opportunities arising from the transition to a low carbon economy, as oil and gas will remain a key component of the global energy mix for the foreseeable future.
