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    Major Environmental Changes

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    What are two major environmental changes that you expect to have an impact on Oil and gas companies over the next 5-10 years?

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    According to Austin and Sauer (2002), the two major environmental issues facing the oil industry are: (1) pending climate policies and (2) constrained access to oil and gas reserves. These challenges can affect the oil companies' asset values, operating costs, shareholder value and sales.
    In a speech that Vaughn from Shell Co. on the "Environmental Challenges Facing the Oil Industry", he has expressed that government policies and strategies have been created on how to conserve the environment. The potential for oil and gas operations to affect the environment can be assessed depending on the kind of operations, environment, and circumstances as potential impact will depend on its ...

    Solution Summary

    Two major environmental changes that can impact oil and gas companies in the next 5-10 years. References are included.