crude petroleum & natural gas extraction - group project by anthony abdelnour
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Group project with Anthony Abdelnour on Crude Petroleum & Natural Gas ExtractionTRANSCRIPT
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CSR: Crude Petroleum & Natural Gas Extraction
Anthony Abdelnour Conor JackmanSophie Johnson
NAICS Code: 211111
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Industry Wake Up Call
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Revenue
• Lets put revenue into perspective
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Industry as a whole
• Very problematic
• But…Very wealthy
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Industry
• The industry sector is Mining • The industry sub-sector is Oil and Gas extraction
• 7 Sisters – Focus on BP, Shell• Leader & Lagger
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Companies primarily engage in:1) Exploration, production and/or development of natural gas or petroleum from wells. 2) Production of crude petroleum from surface shale or tar sands from reservoirs where hydrocarbons are semi-solids
Industry Description
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Major Oil and Gas producing states in the US
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Products/Services/Customers
• Industry’s main products are crude oil and natural gas
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Market & Finances:
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Major Industry Participants
- 6,650 businesses-Combined annual revenue $329.9 billion dollars
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Critical CR Issues
The Resource Curse
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Critical CR Issues
Lack of Access to Energy
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Critical CR Issues
Oil Spill Prevention & Damage Control
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Critical CR Issues
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Critical CR Issues
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SRI Candidate Firm: Royal Dutch Shell
• 1995: Execution of Ken Saro Wiwa Wake up call: Rebrand with SustainAbility
• 1998: 1st CSR Report
• CSR Focus: • Climate change• Water• Human rights• Renewable energy
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SRI Candidate Firm: Royal Dutch ShellAssessment
• Focus on Transparency • Sustainability Report
• External Review Panel• Stage 3: Innovative
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British Petroleum Assessment
• Strategic Intent – Elementary
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British Petroleum Assessment
• Citizenship Content – Engaged 2009 Greenwash Award nominee
•Transparency – Innovative
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British Petroleum Assessment
• Leadership – Elementary• Issues Management – Engaged
•
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Recommendations – Shell
• Access issues• Combat with green infrastructure• Supplement with access to oil and natural gas
• Oil spill prevention efforts• Disaster preparedness
• Human rights• Move beyond damage control and towards real communication
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Recommendations - BP
• Instill attitude of compliance• 3rd Party inspections• Create trust
• Increase percent of revenue dedicated to alternative energy• Net income $25 billion• Increase to $2.5 billion
• Oil Spill Prevention• Improve warning systems • Install Remote Acoustic Switch
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Thank you for your attention
Any questions?