CASE STUDY: Coal seam gas: the sustainable business response Coal seam gas is a
ID: 346936 • Letter: C
Question
CASE STUDY: Coal seam gas: the sustainable business response Coal seam gas is a volatile and divisive fuel, dubbed by the industry as a greenhouse hero, but perceived by environmentalists as a water villain.' In Australia, the rapid expansion of coal seam gas (CSG) mining may risk other important natural resources. The resources at risk include clean, fertile agricultural land; safe, long-term water supplies; and a safe and pleasant countryside. Other risks include uncertain environmental damage, growing social disharmony and a break-down in corporate management regulators and systems that are struggling to keep pace with the development of CSG.Explanation / Answer
Coal Seam Gas (CGS) is dubbed by the industry as a greenhouse idol but on the contrary it is perceived as water villain by the environmentalist as its mining may risk the other important natural resources such as agricultural land, long term water supplies, safe and pleasant countryside.
The concept of Quadruple Bottom Line was introduced in 1994 by John Elkington in the felid of corporate responsibility and sustainable development. This concept is cited for economic, social benefits as well as for social returns. It actually provides means to value, measure and assess the addition of spirituality and faith in reporting which can be expressed as people, profit, purpose and planet which adds direction to important goals without compromising core values. The fouth bottom line i.e culture provides an extra opportunity for companies to communicate a clear purpose to improve the planet with community well-being.
The CGS industry has widely promoted as a cleaner alternative to coal. But, still these mining industries are facing environmental, ethical issues. Queensland state government regulates mining operations in order to enforce a strict standard that will protect both heritage and environmental sustainability. The government also ensures that these mining projects do deliver real benefits to local regions while minimizing damage such as environmental and social damage.
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