
CORPORATE ADVISING STRATEGIES: A COMPREHENSIVE REVIEW FOR ALIGNING PETROLEUM ENGINEERING WITH CLIMATE GOALS AND CSR COMMITMENTS IN THE UNITED STATES AND AFRICA
Author:
Oladipo Olugbenga Adekoya, Olawe Alaba Tula, Chinelo Emilia Okoli, Daniel Isong, Adedayo Adefemi, Cosmas Dominic Daudu
This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
This comprehensive review explores corporate advising strategies aimed at aligning petroleum engineering practices with climate goals and Corporate Social Responsibility (CSR) commitments in both the United States and Africa. As the global energy landscape undergoes a paradigm shift towards sustainability, the petroleum industry faces increasing pressure to reconcile its operations with environmental concerns and societal expectations. The review critically examines the current state of petroleum engineering practices in the United States and Africa, considering the unique challenges and opportunities present in each region. In the United States, the paper analyzes the evolving regulatory framework, market dynamics, and corporate initiatives that influence the petroleum sector’s alignment with climate goals and CSR commitments. It explores how American companies leverage technological innovation, regulatory compliance, and strategic partnerships to navigate the transition towards cleaner and more responsible energy practices. In Africa, the review delves into the distinctive socio-economic and environmental contexts shaping petroleum engineering strategies. It investigates the role of national policies, regional collaborations, and the imperative for sustainable development in influencing the petroleum industry’s approach to climate goals and CSR commitments. The paper highlights the importance of inclusive and community-centric strategies in addressing the unique challenges faced by the African petroleum sector. Through a comparative analysis, the review identifies common themes, best practices, and divergent approaches in corporate advising strategies between the United States and Africa. The insights gleaned from this examination contribute to a nuanced understanding of how petroleum engineering can be harmonized with climate goals and CSR commitments, providing valuable guidance for industry stakeholders, policymakers, and corporate advisors in both regions. Ultimately, the review aims to inform a path forward that fosters responsible and sustainable petroleum practices on a global scale.
Pages | 32-38 |
Year | 2024 |
Issue | 1 |
Volume | 2 |