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The oil & gas industry and sustainable growth: A World Atlas
Feb 20: On September 25, 2015, the United Nations General Assembly adopted the 2030 Agenda for Sustainable Development, which seeks to establish global consensus for the next 15 years. The 17 Sustainable Development Goals (SDGs) aim to address some of the world’s pressing economic, social and environmental challenges. UN member states are expected to use the SDGs to frame their development agendas, and there is a recognition that the private sector will play an important role in achieving them.
8The oil and gas industry’s operations potentially have positive and negative impacts on a range of areas covered by the SDGs, including on communities, ecosystems and economies. The industry contributes to sustainable development in a number of ways, including: generating direct and indirect jobs; supplying access to energy that enables economic activity and social development; contributing substantial tax and other types of revenue to governments; enabling development of advanced technologies and products; investing in the long-term social and economic success of the communities in which they operate, and managing the impacts of its operations by emphasizing environmental protection, health and safety, and human rights.
8However, the SDGs highlight sustainability challenges, where more can be done to mitigate the adverse impacts of oil and gas development. Among the challenges, the most acute are the industry’s environmental footprint on biodiversity, and climate change and its associated impacts on communities.
8The website carries here an Atlas on how the oil and gas industry can fit in with the Sustainable Agenda set by the UN
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