Environmental and Economic Sustainability

From exploration and production to distribution and end-of-life decommissioning, this book describes the intimate relationship between the environment and the petroleum industry at all stages in the life cycle. It provides a detailed methodology for improving environmental decision making, discusses the types and ranges of environmental impact, and puts them into an economic context at each stage. A plethora of real-world examples illustrate how economic analysis can reveal a socially optimal direction. The book concludes with a look at the implications of new approaches on the future of environmental protection in the oil industry.