ENV100H1 Lecture Notes - Keystone Pipeline, Enbridge, Engo

• School: UTSG
• Department: School of Environment
• Course: ENV100H1
• Professor: Stephen Scharper

Document Summary

In governing the environment: the transformation of environmental. Lecture outline: business and environment: the basic dynamic. Legitimacy is essential, both for market power and political power. Current example is enbridge attempting to get approval for keystone pipeline; legitimacy was damaged by pipeline break, oil. The legitimacy objective also works in favour of environmental protection: history of business and environmental management. 1960s-70s; focus on large visible, and worst polluters; eg pulp and paper, inco and acid rain. 1980s - 1990s: expansion to focus on others; financial sector; tourism/hospitality; agriculture. 6. 1 demand from individual consumer beat the competition by selling a green product. 6. 2 demand from other buyers; firms (iso 14000) and governments (procurement) 6. 3 financing and insurance needs banks may require improved environmental performance as a condition of lending, to reduce their own liability; as may insurers. 6. 4 reduce costs - increased efficiency reduces raw material and waste disposal costs; reader pp 296-297; but, not always a path to improved profit.