Oil & Gas Industry's 2011 Environmental Spending Pegged at $12.9 Billion

A new API report also says 35 percent of the environmental spend, or $4.5 billion, in 2011 went toward air pollution abatement.

The American Petroleum Institute has published a report quantifying how much the U.S. oil & gas industry has spent recently to prevent, control, abate, or eliminate environmental pollution. The report is based on responses to a questionnaire sent a representative sample of companies, and it indicates environmental spending rose sharply in 2008 and 2010, the latter associated with cleaning up the Deepwater Horizon oil spill in the Gulf of Mexico.

In 2011 alone, the industry's environmental spend was $12.9 billion, with 35 percent of it -- $4.5 billion -- going toward air pollution abatement, 20 percent on water, 11 percent on remediation and spills, 8 percent on wastes, and 26 percent on "other." The emphasis on air pollution is driven by requirements of the 1990 Clean Air Act, according to the report.

From 1990 through 2011, the industry's environmental spend was $252.8 billion, divided this way: $114.2 billion (45 percent) on air, $50.7 billion (20 percent) on water, $37.7 billion (15 percent) on remediation and spills, and $17.3 billion (7 percent) on wastes, it says.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Get the Ultimate Guide to OSHA Recordkeeping

    When it comes to OSHA recordkeeping there are always questions regarding the requirements and in and outs. IndustrySafe is here to help. We put together this page with critical information to help answer your key questions about OSHA recordkeeping.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We put together a guide that’s easy to digest so you can ensure you're complying with OSHA's training standards.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus