How organization organize to respond to the environment

Topics: Fossil fuel, Peak oil, Renewable energy Pages: 2 (692 words) Published: November 24, 2014
How organizations organize to respond to the environment
Human beings for millennia have used energy, initially it was with the use of fire for light, heat, cooking and for safety, and its use can be traced back at least 1.9 million years (Bowman, 2009). However, most of these resources are limited. According to P. E. Hodgson, a Senior Research Fellow Emeritus in Physics at Corpus Christi College, Oxford, expects the world energy use is doubling every fourteen years and the need is increasing faster still and he insisted in 2008 that the world oil production, a main resource of fossil fuel, is expected to peak in ten years and thereafter fall (Hodgson, 2008). More than 90% of greenhouse gas emissions come from the combustion of fossil fuels (Wikipedia, n.d.). Therefore, consumption of fossil fuel resources leads to global warming and climate change. Suncor is a globally competitive integrated energy company, which has a balanced portfolio of high-quality assets, a strong balance sheet and significant growth prospects. In order to address environmental issues, such as greenhouse gas emissions, there are two methods can be applied. The first method is energy conservation, which can be achieved through increased efficient energy use. Energy efficiency can aid in the maximization of profits in energy companies like Suncor. The second method is to develop and invest in clean, renewable energy sources (sustainable energy) for example solar energy, wave power etc. This is the provision of energy that meets the needs of the present without compromising the ability of future generations to meet their needs (Suncor Inc., n.d.). Suncor makes environmentally friendly initiatives one of their essential principles (Suncor Inc., n.d.). Suncor’s vision is to be trusted stewards of valuable natural resources, and with the guidance of their values, they will lead the way to deliver economic prosperity, improved social well-being and a good environment for now and for further...
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