Sustainable Business Development Essay Example | Topics and Well Written Essays - 500 words

Sustainable Business Development - Essay Example Oil industry is usually denoted as the most profitable business segment. Refined products in this production procedure is formed after undertaking series of steps such as partial refining, transport, refining, storage and transport, and delivery of final products. The crude oil production is linked with environmental impacts caused at different levels such as water, soil, air and living beings. Pollution is closely knitted with oil production in the form of wastewaters, solid waste, aerosols and gas emissions discharged while refining, transportation, drilling and production procedure. Water contamination mainly results during oil production due to oil spills or cooling water discharges. Refining or production operations results into certain harmful emissions like sulfur, ammonia, nitrogen oxide, fluorine, acid mist, etc. There is even occasional release of alkaline materials and solvents in oil production stage. Solid waste generated though production tends to contaminate surface wa ter and soil (EPA, 2013). Noise pollution is a major issue in such mechanism. Oil production is likely to cause accidents in terms of explosion or fire. In overall context increasing demand for crude oil as a major energy source is enhancing its production rate but as a natural resource it is depleting at a faster rate. As per the statistics given in figure3, the rate of oil consumption has increased over the years. This product do not possessed a long lifecycle and has to be replaced at a rapid rate. Oil drilling results into depletion of natural resource. At the consumption stage huge amount of harmful chemicals and gas is discharged into atmosphere causing air pollution. This even results into global warming along with intensified noise pollution. Living beings are affected to a great extent through discharge of such harmful pollutants. In this study environmental impact caused by crude oil production and consumption is appropriately outlined. There have