Sustainability: A Business Imperative, Not a Moral Sacrifice

Source: Getty Images.

In recent years, sustainability has emerged as perhaps the most critical imperative of this century. As our lives are being altered by advancing technology in ways that we never imagined just a few short years ago, our awareness and understanding of the complexities in utilization of the nature and the impact of the footprint that we leave behind must lead us to a fundamental shift in the way we manage our individual and professional lives.

The petroleum industry in concert with the rest of the world is finding that sustainability presents both risks and opportunities for its business, thus the need for incorporating sustainability as a business imperative and not a moral sacrifice.

Within the next 30 minutes as you are reading this article, our planet will be travelling roughly 40,000 miles in space around the sun, more than 8,000 babies will be born on this planet, and our oil and natural gas industry will supply nearly 2 million bbl of oil in response to the increasing demand for energy. The important question is how we can keep up with the many new and unique challenges posed by this fast-paced change.

This article is reserved for SPE members and JPT subscribers.
If you would like to continue reading,
please Sign In, JOIN SPE or Subscribe to JPT

Sustainability: A Business Imperative, Not a Moral Sacrifice

Behrooz Fattahi, The EnerTrain Institute, SPE, AIME

01 May 2017

Volume: 69 | Issue: 5