fusion point research Marketing Research Reports

Marketing to Environment and Sustainability in the Energy Vertical

Understanding Their Role

Almost two-thirds of the energy consumed in the US is from petroleum products, including oil and natural gas.1 Petroleum fuels the US economy and standard of life, but also has a significant impact on health, safety and the environment. Major concerns over the impact of petroleum usage include:

 

  • Carbon dioxide (CO2) emissions creating a greenhouse effect and changing the global climate
  • Oil spills damaging the environment, hurting wildlife, and damaging economic sectors
  • Air pollution, especially from oil refineries and automobile emissions
  • Water pollution, especially from hydraulic fracturing
  • Employee safety in dangerous extraction settings
  • Explosions from transportation and storage of these volatile materials2

 

The industry is heavily regulated. Important regulatory bodies in the US include the Environmental Protection Agency (EPA), focused on emissions and water pollution, the Federal Energy Regulatory Commission (FERC), concentrating on the interstate transmission of energy, the Department of Energy (DOE) focused on research and analysis, Occupational Safety and Health Administration (OSHA) responsible for worker health and safety, and many others.

 

Meeting regulatory requirements from all of these agencies, and all similar agencies worldwide requires extensive analysis, permitting, training, auditing, record keeping, legal and political efforts. The industry spends billions of dollars a year on improvements in this area.3

 

1 US Energy Information Administration (EIA). 2014. Oil + Natural Gas = 63.4% of consumption, Coal 18.3%, Nuclear 8.5%, and Renewables 9.8%. More data available at: www.eia.gov/totalenergy/data/annual/index.cfm

2 American Petroleum Institute (API). See: www.api.org/environment-health-and-safety

3 American Petroleum Institute (API). “Environmental Expenditures.” 2014. Available at: http://www.api.org/~/media/files/publications/environmental-expenditures-2014.pdf

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Copyright © 2016 Fusion Point Research, Inc.

Petroleum operations have a considerable impact on health, safety and the environment. The industry is heavily regulated by multiple agencies.
fusion point research Marketing Research Reports
Petroleum operations have a considerable impact on health, safety and the environment. The industry is heavily regulated by multiple agencies.
  • Carbon dioxide (CO2) emissions creating a greenhouse effect and changing the global climate
  • Oil spills damaging the environment, hurting wildlife, and damaging economic sectors
  • Air pollution, especially from oil refineries and automobile emissions
  • Water pollution, especially from hydraulic fracturing
  • Employee safety in dangerous extraction settings
  • Explosions from transportation and storage of these volatile materials