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Environmental Incidents In A Developing Country And Corporate Environmental Disclosures: A Study Of Multinational Gas Company

Date Added: Jul 2010
Format: PDF

This paper examines the environmental disclosure initiatives of Niko Resources - a Canadian based multinational oil and gas company - following the two major environmental blowouts at a gas field in Bangladesh in 2005. As part of the examination, the authors particularly focus on whether Niko's disclosure strategy was associated with public concern pertaining to the blowouts. The findings show that Niko did not provide any non-financial environmental information within its annual reports and press releases as a part of its responsibility to the local community who were affected by the blowouts, but it did produce a stand-alone report to address the issue.