| ID | 175907 |
| Title Proper | From “business as usual” to tackling climate change |
| Other Title Information | Exploring factors affecting low-carbon decision-making in the canadian oil and gas sector |
| Language | ENG |
| Author | Sá deAbreu, Mônica Cavalcanti |
| Summary / Abstract (Note) | This article investigates empirical evidence from the Canadian oil and gas sector regarding the key factors behind corporate decision-making in moving from “business as usual” to tackling climate change. The findings are based on survey data from a sample of 127 managers. Logit regression analysis revealed that pressure from government, customers, suppliers and competitors increased the likelihood that firms will adopt a low-carbon strategy. Compared to other stakeholders, investors and employees may not be as strongly committed to adopting a climate change strategy. Media and corporate sustainability reporting were not found to be important factors in influencing firms to adopt low-carbon strategies, while command-and-control policies and firms’ perceptions of the risk of resource scarcity were factors that seemed to have the most influence on corporate decision-making. Multinational oil and gas firms headquartered in Canada appeared to be more likely to adopt low-carbon strategies than foreign multinational oil and gas firms. This research contributes to a better understanding of the key factors that affect corporate decision-making concerning GHG emission-reduction policies. Regulatory action based on significant engagement with affected stakeholders would appear to be particularly important in creating a broad base of support and pressure for action on climate change. |
| `In' analytical Note | Energy Policy Vol. 148 PA, Jan 2021 : p.111932 |
| Journal Source | Energy Policy 2021-01 148 PA, JAN |
| Key Words | Sustainability ; Mitigation ; Stakeholders ; Climate Change Strategies ; Carbon-Intensive Firms |