Thursday, 14 April 2016

The oil industry has a trust problem – can it put that right? (Maciej Kolaczkowski, Roderick Weller, WEF)

Risers, the outer casings of oil drill pipes, are seen on the deck of the service vessel Joe Griffin as it prepares to head to Port Fouchon at the site of the Deepwater Horizon oil spill in the Gulf of Mexico, off the coast of Louisiana, May 11, 2010.

The oil and gas industry provides the energy that drives economic growth and social development, at a time when the environmental impacts of fossil fuels are being critically reevaluated against these benefits. In the past, the industry would have without question had a seat at the table in attempts to address the balance between costs and benefits for society’s long-term good. But today, it is not a foregone conclusion.

https://www.weforum.org/agenda/2016/04/the-oil-industry-has-a-trust-problem-can-the-industry-put-that-right

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