Corporate Responsibility and Social Governance docx.
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Running head: CORPORATE RESPONSIBILITY AND SOCIAL GOVERNANCE1Corporate Responsibility and Social Governance
CORPORATE RESPONSIBILITY AND SOCIAL GOVERNANCE2The SituationAn OECD state with a recognized industrial and agriculture sector imports 50% oil and gas for its needs. The country is sufficient in food, can afford the rest 50% oil and gas through its reserves because it drills, refines, and distributes effectively. The country has great infrastructuraldevelopment for this manufacturing process. However, the government is against oil imports because it cannot expand output, and its reserves need 5-6 years to recover. Suggestions for alternative energy production includes the development of biofuels and diesel production to meetthe country’s needs. This strategy considers its agricultural resources and its ability to meet its energy needs. This is also a sustainability approach for renewable energy and green approaches. Besides, the country is part of the global initiatives under Global Climate Control protocol. The success of these plans will reduce imports by 30% over a period of 10 years. However, land acquisition processes pose a challenge because hundreds of small-scale famers own the lands andthey face displacement risks. They depend on these for their livelihood. Relocation also implies loss of lifestyle and traditions, which are crucial for cultural preservation. It also means loss of livelihood and further creation of unemployment in rural areas. The following analysis looks at the case scenario from capitalist and socialist points of view.
CORPORATE RESPONSIBILITY AND SOCIAL GOVERNANCE3Capitalists View The Voice of the enterprise looks at this case scenario from the ability of the oil firms to transform the national economy. The company has the power to produce bio energy, which the country needs. There is demand for the product in the market and the government has the responsibility to facilitate this demand through regulations[CITATION Pic14 \l 1033 ]. A good way in which the government can compensate the small-scale farmers is through taxation. The oil-producing firms shall pay taxes, which shall benefit the common good of poor people. The development of the industry provides jobs for the employment of the farmers and their generations. Fossil fuel comes with immense benefits such as improved income and living standards. Globally oil-producing countries are respectable and this OECD gets a chance to maintain its status. The availability of a stable energy source contributes to industrial development. This country needs energy as its source of power and the project also increases investment in the energy sector. Without energy, homes will not have enough electricity and gas for cooking and lighting. In addition, this is a cost effective way to produce oil and its products. Based on its climatic, health and economic benefits, this is a considerable investment.The use of an alternative energy source is sustainable because it saves the country from the environmental effects. It ensures resource efficiency by preventing the exhaustion of oil and natural gas by drilling[CITATION Uni17 \l 1033 ]. This approach is also safer than the carbon based productions, which release fumes into the ozone layer. The country has shown its commitment to environmental protection as part of the Global Climate Control Protocol. Therefore, this is a cleaner energy process that places the country among economic giants without harming the natural environment. Although its production may not be enough to cater for
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