When the O&G industry started more than a century ago, during the early days of the industry, no one looked at the negative impact some of the irresponsible developments of O&G assets which didn’t take negative impact on the environment into consideration. When accidents happened and the negative impact became apparent, regulations and policies came into affect.
Renewable energy industry is no different from the O&G industry. It is at an early stage and regulations are not there. There are many companies that care about profit more than anything else and these companies will take advantage of the lack of regulations. Only the environment will pay the price.
Founder of the Oil Industry Insight., an Oil & Gas industry analytical and business intelligence platform offering insights and analyses, short-term and long-term oil market outlooks and oil prices forecasts. Oil and Gas industry professional recognized and featured on LinkedIn as an Oil & Gas Industry Expert with more than 350,000 followers.
