Environmental challenges and sustainable development in the oil industry
The environment is becoming one of the main topics for oil companies. To reduce the negative impact on the environment, new technologies and initiatives are being introduced:
CO₂ capture programs - oil giants are developing carbon capture and storage projects.
Reducing methane emissions - equipment upgrades are minimizing gas leaks.
Utilizing renewable energy sources - oil companies are investing in solar and wind power.
Waste recycling - recycling oil sludge and water reduces pollution.
The future of the oil industry depends on how well companies can combine profitability and environmental responsibility.