Environmental target setting and ranking (ETSAR)
Ranking of environmental projects in relation to other projects in a company`s portfolio of business has posed problems for years. Substantial effort has been spent toward developing systems or methodologies to overcome this problem but have been met with limited success. To be accepted as a responsible industry and manage the environmental discharge issue, the oil industry should through a process of continuous improvement minimis effluents and discharges that are known to harm the environment. Many oil companies have already made substantial headway in reducing discharges through low cost operational changes and better awareness. However these are often not enough and environmental projects requiring capital investments are needed. These projects will normally proceed when regulatory driven, but they have more difficulty proceeding if they are not regulatory driven and must rely on meeting the economic criteria applicable for approval. So how is a company to decide which environmental projects to do? In the absence of legislation, it is evident that, as more evolved and expensive options are required to achieve this goal, the need for a method to rank environmental expenditures for the industry is necessary. the In addition, the concept of basing the decision solely on the environmental effects and economics of a discharge must be expanded. Other considerations which drive the industry towards improved environmental performance such as public perception must be considered. This paper outlines a methodology that allows for the ranking of environmental proposals at a company level taking into account factors such as public perception and possible future legislation and enables the use of the 80/20 rule. The methodology has been applied by Shell U.K. Exploration and Production, operator in the U.K. sector of the North Sea for Shell and Esso, and is applicable to most industries.
- OSTI ID:
- 391136
- Report Number(s):
- CONF-960623-; TRN: 96:004554-0056
- Resource Relation:
- Conference: International conference on health, safety and environment in oil and gas exploration products, New Orleans, LA (United States), 9 Jun - 12 Sep 1996; Other Information: PBD: 1996; Related Information: Is Part Of The third international conference on health, safety & environment in oil and gas exploration and production. Proceedings - Volume 1; PB: 941 p.
- Country of Publication:
- United States
- Language:
- English
Similar Records
Onshore U.S. Carbon Pipeline Deployment: Siting, Safety, and Regulation
Shell/Esso eye Brent redevelopment