Tehnika (Jan 2020)
The oil industry and climate changes
Abstract
Even though the problem of climate changes has been known for many years, many people still identify weather conditions with climate, without considering the length of their duration. The catastrophic predictions regarding the warming of our planet due to irresponsible human behavior can often be found in media. At the other side, geologists are aware that during the geological history of our planet there were much warmer periods than today, and that these intervals did not inevitably result in the mass extinction of the living world, but in some cases even favored the maximum development of some species and the formation of new one. The oil companies which are marked as the major emitters of greenhouse gases as the most important cause of global warming struggle with this problem with different strategies. Generally, these strategies can be reduced to the two most important ones - ignoring the problem such as US and Arab companies and taking a proactive approach in European one. In Serbia, the only oil company, NIS Gazpromneft, has a proactive approach like other companies in Europe and region. The company has transformed to Energy Company that adopted its business strategy to sustainable development by reconstructing of Pančevo Refinery and starting two energy projects - the construction of the combined gas-steam power plant Pančevo and the Plandište wind farm.
