Sustainability in economic turmoil
As we enter 2009, there has rarely been a more significant time for the global oil, gas and energy sector, writes Todd Cort, Chief Executive, Csrnetwork Inc. The global credit slowdown, skittish markets, fluctuating oil prices and a significant global recession that has now hit all segments of society are creating an economic climate that will challenge the committment of companies to sustinably practices. The commitment, resolve and momentum of sustainable practices that has built over the last decade will be tested as companies face tough choices of short-term profiteering versus long-term profitability.
Article details
Journal title: Petroleum Review
Publisher: Energy Institute
Keywords: Business management - Corporate social responsibility
Subjects: Energy efficiency, Resource use and management, Trading, Oil markets, Management and commerce, Economics, business and commerce, Energy consumption, Carbon capture, transportation and storage, Natural gas, Oil and gas, Oil, Sustainability, Carbon capture and storage