Sustainable Development and Petroleum Industry - The Part and Parcel

h suitably balances the social, economic and environmental parameters. According to the World commission on environment and development Sustainable development is the “Development that meets the need of the present without compromising the ability of future generation to meet their own needs”. Economic and social are the important mainstays of sustainable development which requires the continuous supply of ample and economical energy.During switching our priorities from conventional to other sources of energy, the petroleum industry has played a critical role for managing its operation safely and in environmentally concerned ways.The development of oil and gas industry in the last century has resulted in maintaining environmental quality, social justice and economic prosperity. But this is not enough, Uninterrupted corporate commitment, enforcing proper government policies and public support is needed for overcoming the environmental challenges like Pollution control, biodiversity and global climate change in coming times.