Crude Petroleum & Natural Gas Extraction - Group Project By Anthony Abdelnour

CSR: Crude Petroleum & Natural Gas Extraction

Anthony Abdelnour Conor JackmanSophie Johnson

NAICS Code: 211111

Industry Wake Up Call

Revenue

• Lets put revenue into perspective

Industry as a whole

• Very problematic

• But…Very wealthy

Industry

• The industry sector is Mining • The industry sub-sector is Oil and Gas extraction

• 7 Sisters – Focus on BP, Shell• Leader & Lagger

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

Major Oil and Gas producing states in the US

Products/Services/Customers

• Industry’s main products are crude oil and natural gas

Market & Finances:

Major Industry Participants

- 6,650 businesses-Combined annual revenue $329.9 billion dollars

Critical CR Issues

The Resource Curse

Critical CR Issues

Lack of Access to Energy

Critical CR Issues

Oil Spill Prevention & Damage Control

Critical CR Issues

Critical CR Issues

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

SRI Candidate Firm: Royal Dutch ShellAssessment

• Focus on Transparency • Sustainability Report

• External Review Panel• Stage 3: Innovative

British Petroleum Assessment

• Strategic Intent – Elementary

British Petroleum Assessment

• Citizenship Content – Engaged 2009 Greenwash Award nominee

•Transparency – Innovative

British Petroleum Assessment

• Leadership – Elementary• Issues Management – Engaged

•

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

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

Thank you for your attention

Any questions?