Study evaluates link between environmental performance, profits of Canadian refiners

A study conducted on the Canadian refining industry for 1993-2003 showed a positive correlation between environmental performance and profitability. For every 1 tonne decrease in emissions, the income from refinery operations increased by about $2,000 (Can.).Public concern for the environment has triggered new regulations and increased stakeholder expectations. Both have triggered costs that profoundly affect the petroleum-refining sector.There are two competing views on the overall impact of environmental spending on profitability. One says that pollution-abatement efforts divert resources from the production of marketable output and lead to a decline in profits. The other says that envi...

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