Impact of Sustainable Finance on Implementation of Environmental Sustainability Goals in Nigeria's Oil and Gas Sector-Reference-Cited by-同舟云学术

Impact of Sustainable Finance on Implementation of Environmental Sustainability Goals in Nigeria's Oil and Gas Sector

Published:2022-08-01 Issue: Volume: Page:
ISSN:
Container-title:Day 3 Wed, August 03, 2022
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Author:

Olagunju Olasunkanmi Olusogo¹,Ajasa OlawaleOlusola²,Laguda Fuad Kayode³

Affiliation:

1. University of Lagos

2. University of York

3. University of Lagos Business School

Abstract

Abstract This study unveiled that mitigation of chronic environmental quagmires caused by oil exploration and production in Nigeria requires investment by oil and gas companies in sustainable finance.More specifically, this study showed that investment in green bonds, climate insurance and venture capital among others can help prevent ecological hazards that emanate from exploration and production activities in Nigeria's oil fields.Having built on inductive approach and institutional theory this study unveiled that sustainable finance has roles to play in implementation of environmental sustainability goals of Nigeria's oil and gas sector. The study consequently concluded that stakeholders and industry leaders must be committed to investment in sustainable finance to achieve targeted social and environmental outcomes.It equally suggested that industry's key players should embrace investment in green funds while implementing their environmental sustainability goals.

Publisher

SPE

Link

https://onepetro.org/SPENAIC/proceedings-pdf/doi/10.2118/211966-MS/2804218/spe-211966-ms.pdf

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