Oil and Human Rights
Article from: OGEL 4 (2004), in Environmental, Social and Governance (ESG)
The second half of the twentieth century saw oil and natural gas become the dominant sources of world energy supply, making a major contribution to world economic growth. By the end of the century there had been a significant diversification of supply sources, but consumers continued - and will continue - to be crucially dependent on supplies from Third World countries, often little developed economically when oil was first found, and where oil remains the principal economic asset. If for a resource-based industry there is no choice where to go - this being dictated by ...