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Strategic Responses to Global Climate Change: Conflicting Pressures on Multinationals in the Oil Industry

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Author Info

  • Levy David L.

    ()
    (Associate Professor, Department of Management, University of Massachusetts, Boston, Massachusetts 02125)

  • Kolk Ans

    ()
    (Professor, University of Amsterdam, Amsterdam Graduate Business School, The Netherlands)

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    Abstract

    MNCs are increasingly facing global environmental issues demanding coordinated market and non-market strategic responses. The home country institutional context and individual company histories can create divergent pressures on strategy for MNCs based in different countries; however, the location of MNCs in global industries and their participation in 'global issues arenas' create issue-level fields within which strategic convergence might also be expected. This paper analyzes the responses of oil MNCs to climate change and finds that local context influenced initial corporate reactions, but that convergent pressures predominate as the issue matures.

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    Bibliographic Info

    Article provided by De Gruyter in its journal Business and Politics.

    Volume (Year): 4 (2002)
    Issue (Month): 3 (November)
    Pages: 1-27

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    Handle: RePEc:bpj:buspol:v:4:y:2002:i:3:n:2

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    Web page: http://www.degruyter.com

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    Web: http://www.degruyter.com/view/j/bap

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    Cited by:
    1. Sarasini, Steven, 2013. "Institutional work and climate change: Corporate political action in the Swedish electricity industry," Energy Policy, Elsevier, vol. 56(C), pages 480-489.
    2. Pinkse, Jonatan & van den Buuse, Daniel, 2012. "The development and commercialization of solar PV technology in the oil industry," Energy Policy, Elsevier, vol. 40(C), pages 11-20.
    3. Ans Kolk & Jonatan Pinkse, 2012. "Multinational enterprises and climate change strategies," Grenoble Ecole de Management (Post-Print) hal-00835257, HAL.
    4. Kalim Shah & Jorge Rivera, 2013. "Do industry associations influence corporate environmentalism in developing countries? Evidence from Trinidad and Tobago," Policy Sciences, Springer, vol. 46(1), pages 39-62, March.
    5. Bowen, Frances, 2011. "Carbon capture and storage as a corporate technology strategy challenge," Energy Policy, Elsevier, vol. 39(5), pages 2256-2264, May.
    6. Timo Busch & Nils Lehmann & Volker H. Hoffmann, 2012. "Corporate Social Responsibility, Negative Externalities, and Financial Risk: The Case of Climate Change," Tinbergen Institute Discussion Papers 12-102/IV/DSF40, Tinbergen Institute.
    7. Timo Busch & Nils Lehmann & Volker H. Hoffmann, 2012. "Corporate Social Responsibility, Negative Externalities, and Financial Risk: The Case of Climate Change," Tinbergen Institute Discussion Papers 12-102/IV/DSF40, Tinbergen Institute.
    8. Burkard Eberlein & Dirk Matten, 2009. "Business Responses to Climate Change Regulation in Canada and Germany: Lessons for MNCs from Emerging Economies," Journal of Business Ethics, Springer, vol. 86(2), pages 241-255, March.
    9. repec:hal:gemwpa:hal-00961226 is not listed on IDEAS
    10. Jeremy Galbreath, 2011. "To What Extent is Business Responding to Climate Change? Evidence from a Global Wine Producer," Journal of Business Ethics, Springer, vol. 104(3), pages 421-432, December.
    11. Wittneben, B.B.F., 2007. "The Clean Development Mechanism: Institutionalizing New Power Relations," ERIM Report Series Research in Management ERS-2007-004-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
    12. Jose-Manuel Prado-Lorenzo & Isabel-Maria Garcia-Sanchez, 2010. "The Role of the Board of Directors in Disseminating Relevant Information on Greenhouse Gases," Journal of Business Ethics, Springer, vol. 97(3), pages 391-424, December.
    13. Jon Skjærseth, 2013. "Governance by EU emissions trading: resistance or innovation in the oil industry?," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 13(1), pages 31-48, March.

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