Given its history of human rights abuse, environmental destruction, and penchant for multimillion dollar executive bonuses, the oil industry doesn’t immediately spring to mind as natural actor to help solve a global poverty crisis.
Nonetheless, a new 97-page UN-sanctioned report authored by an industry group and World Bank offshoot outlines the oil and gas sector’s vision to be a “key part” of efforts to encourage sustainable development.
The report acknowledged that fossil fuel companies “can have both positive and negative impacts on a range of areas covered by the SDGs” – the UN’s sustainable development goals for 2030.
