1995 Society of Petroleum Engineers Paper on Securing the Future
p. 2
Brundtland Report on sustainable development prompted a recommendation to "define sustainable development for E&P operations and the implementation of necessary programmes".
Brundtland Report on sustainable development prompted a recommendation to "define sustainable development for E&P operations and the implementation of necessary programmes".
"The business sector creates wealth and employment (...) it is also a major user of natural resources and a heavy producer of waste"
"The business sector creates wealth and employment (...) it is also a major user of natural resources and a heavy producer of waste"
p. 3
"we do not have time to wait until disaster overwhelms us before we make the radical changes necessary to protect our world for future generations".
"we do not have time to wait until disaster overwhelms us before we make the radical changes necessary to protect our world for future generations".
Market economics are essential to resolving environmental challenges
Market economics are essential to resolving environmental challenges
"One of the greatest challenges that the E&P industry world-wide faces (...) is to make market forces work in such a way so as to protect and improve the quality of the environment".
"One of the greatest challenges that the E&P industry world-wide faces (...) is to make market forces work in such a way so as to protect and improve the quality of the environment".
p. 4
Precautionary Principle: "Where there are threats of serious or irreversible damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation".
Precautionary Principle: "Where there are threats of serious or irreversible damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation".
Prevention principle: "the best environment policy consists of preventing the creation of pollution or nuisances at their source, rather than subsequently trying to counteract their effects".
Prevention principle: "the best environment policy consists of preventing the creation of pollution or nuisances at their source, rather than subsequently trying to counteract their effects".
"measures of environmental protection should be taken in advance of any known harm".
"measures of environmental protection should be taken in advance of any known harm".
p. 5
Best environmental results are achieved when industrial operations are systematically oriented towards environmental protection
Best environmental results are achieved when industrial operations are systematically oriented towards environmental protection
State responsibility brings "a legal obligation to not degrade the environment"
State responsibility brings "a legal obligation to not degrade the environment"
Polluter pays principle: requires that "the generators of pollution bear the costs of measures taken to ensure that the environment is in an acceptable state".
Polluter pays principle: requires that "the generators of pollution bear the costs of measures taken to ensure that the environment is in an acceptable state".
p. 7
"Companies must not compromise the ability of future generations to sustain themselves. Companies will update their practices constantly in light of advances in technology and new understandings in health and environmental science".
"Companies must not compromise the ability of future generations to sustain themselves. Companies will update their practices constantly in light of advances in technology and new understandings in health and environmental science".
p. 11
Setting binding targets might discourage ambition
Setting binding targets might discourage ambition
Restrictions on the life cycle of products, and the use of corporate sustainability as a marketing strategy
Restrictions on the life cycle of products, and the use of corporate sustainability as a marketing strategy
p. 13
"many delegations erroneously believe that the science for doing impact assessments, which involves assigning priorities among different environmental effects in different media, does not exist".
"many delegations erroneously believe that the science for doing impact assessments, which involves assigning priorities among different environmental effects in different media, does not exist".