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Managing Resource Abundance and WealthThe Norwegian Experience$
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Jonathon W. Moses and Bjørn Letnes

Print publication date: 2017

Print ISBN-13: 9780198787174

Published to Oxford Scholarship Online: June 2017

DOI: 10.1093/oso/9780198787174.001.0001

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The Ethics of Petroleum

The Ethics of Petroleum

Chapter:
(p.196) 10 The Ethics of Petroleum
Source:
Managing Resource Abundance and Wealth
Author(s):

Jonathon W. Moses

Bjørn Letnes

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198787174.003.0010

This chapter considers the role of international oil companies (IOCs) as global political actors with significant economic and political power. In doing so, we weigh the ethical costs and benefits for individuals, companies, and states alike. Using the concepts of “corporate social responsibility” (CSR) and “corporate citizenship” as points of departure, we consider the extent to which international oil companies have social and political responsibilities in the countries where they operate and what the host country can do to encourage this sort of behavior. We examine the nature of anticorruption legislation in several of the sending countries (including Norway), and look closely at how the Norwegian national oil company (NOC), Statoil, has navigated these ethical waters.

Keywords:   corporate social responsibility (CSR), corporate citizenship, anticorruption, ethics, political power

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