Social License to Operate in the Oil and Gas Industry, Driving the Sustainability Agenda

Despite the shortfalls sometimes, it is a primary objective today of the oil companies and their contractors to harmonize their aspirations with community expectations as a means of getting their projects embraced by the respective host communities.

Social License to Operate in the Oil and Gas Industry, Driving the Sustainability Agenda
Unless the relevant stakeholders including the host communities embrace an oil and gas project, there can be obstacles in the way of its implementation even if all the relevant regulatory permits and authorizations have been obtained. It is the reason oil companies (“IOCs”) and their major contractors nowadays attach significant attention to the sustainability agenda as means of achieving the social license to operate (“SLO”). Civil society is vocal in demanding accountability and transparency in the sector considering that oil and gas activities can have social, economic, and environmental consequences both positive and negative.
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