THE EXTRACTIVE INDUSTRY AND ITS IMPACT UPON THE ENVIRONMENT

Abstract

The extractive industry is unanimously acknowledged as being a vital sector of any country which owns workable natural resources. The experts claim that this industry is a source of foreign income, of direct foreign investments and it is also the main and sometimes the only energy provider of a country. The activities carried out within the extractive industry of any country provide employment to population and contribute to the public budget by taxes and dues, while the incomes resulted from these activities can be directed towards charity; however, at the same time, there is a certain environmental risk related to each initiative that is being carried out in this industry.

Keywords

• extractive industry
• non-renewable resources
• environment
• impact
• sustainable energetic development