1Asst. Professor in Economics, Deptt. of Commerce, Raak Arts And Science College, Perambai, Villupuram, Tamil Nadu, India
2Asst. Professor in Commerce, Siga College of Management and CS, Kappiyapuliyur, Villupuram, Tamil Nadu, India
Online published on 17 March, 2021.
How environment change will affect oil industry operations in South India? The report analyzes impacts in the south that are different from, or in come in addition to, the impacts felt globally, from two angles : one outlining the environment related changes in nature and their impacts on petroleum industry operations, and the second discussing actual and possible economical responses and impacts. Predictions and scenarios developed by scientists indicate that situation is volatile. Although long-term tendency is clear, there will be variation in humidity from year to year, with some seasons much hotter than what has been ‘normal’ in recent years. The industry cannot count on areas suffering due to their operations; it will have to prepare a situation in 2050 to limit maximumincrease in humidity and temperature in south India. Environment policies in India doesn't have any have strong impact on operations of petroleum industries, but if implemented will have an impact on economic development. Thus it is found that there is a direct link between the environment issue and economic development but indirect link between environment issue and petroleum industry in the south.
Petroleum Industry, Environment change, Economic development
