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Monitoring The Environmental Aspects As Part Of Sustainable Development In The Oil Industry

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  • Madalina ALBU

    (Petroleum-Gas University of Ploiesti, Romania)

Abstract

The oil industry is among the industries with a high risk of pollution. The potential negative consequences of this indispensable economic activity have similar causes in all the oil regions, its dimensions differing from one area to another, depending on the technologies used and the compliance with the environmental regulations in force. Sustainability of companies in the oil industry means practicing responsible, efficient and innovative management that manages to keep under control and continuously monitor the problems related to possible environmental risks. Monitoring of environmental issues must be integrated into the sustainable development strategy at the level of management of all companies in the field. This paper synthesizes a series of arguments that come to certify the opportunity of integrating environmental aspects, in particular their monitoring, into the strategy of sustainable development of companies in the oil industry.

Suggested Citation

  • Madalina ALBU, 2020. "Monitoring The Environmental Aspects As Part Of Sustainable Development In The Oil Industry," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 5(3), pages 124-129.
    • Handle: RePEc:brc:brccej:v:5:y:2020:i:3:p:124-129
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    References listed on IDEAS

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    1. Mădălina Albu, 2006. "Environmental management - integral part of sustainable development concept," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 3(8), pages 1-23.
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      Keywords

      environment; sustainable development; oil industry;
      All these keywords.

      JEL classification:

      • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
      • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
      • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels

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