Greener Oil Strategies for Sustainability and Profitability
The global economy wants energy that is clean, green, and affordable. For decades, the oil and gas industry (O&G) has reliably provided energy, especially as transportation fuels. However, this industry is pressured to be greener and safer, emit fewer pollutants, and become more socially responsible.
Many top O&G companies are undertaking new strategies to make their oil “greener”; in addition, investors and financial institutions now use sustainability indexes as a key factor to determine future investment options.
This paper reviews the concepts that the O&G industry can use to increase their sustainability performance with existing strategies and operations to be more profitable in the near and long term.