Producing Energy With Sustainability in Mind
Since 1990, the U.S. oil industry has invested an estimated $339 billion toward improving the environmental performance of its products, facilities, and operations. The industry has also invested $100 billion in new low- and zero-emissions technologies since 2000. This demonstrates its dedication to protecting the environment as we meet today’s energy needs, and develop next-generation forms of energy.
In addition to complying with the numerous laws and regulations that have been enacted at federal and state levels since 1990, the industry as a whole has proactively amplified its work with a commitment to doing business in an environmentally responsible manner.
The guiding principles governing the way the industry does business today ensure energy reliability, while actively protecting the environment in practice and through the use of technology. By including the environment in decision-making, the industry can better identify and manage risks and environmental impacts throughout the life of its assets and facilities. This approach allows the industry to operate in the most benign way possible.
Furthermore, this level of stewardship emphasizes decommissioning, remediating, and reclaiming operating sites with the aim of beneficial reuse.