Other Unpublished Work | 2012

Environmental corporate strategy and advancements in enhanced oil recovery technology among U.S. firms

by Shon R. Hiatt

Abstract

This study seeks to address how collective actors can affect technology development and adoption among organizations by creating regulatory uncertainty. Empirically, this paper focuses on the influence of environmental organizations concerned about climate change on U.S. oil and gas companies' choice of enhanced oil recovery technologies from 1982 to 2010. Environmental organizations sought ways to make climate change a genuine national concern by attracting media attention and lobbying for federal regulation. The study explores how regulatory threats (unpassed congressional climate bills and amendments) increased the value of certain enhanced oil recovery technologies, leading some oil and gas companies to not only adopt them but also promote their technologies as solutions to environmental issues. Implications for firm nonmarket strategy are discussed.

Keywords: Energy; Technology Adoption; Natural Environment; Governing Rules, Regulations, and Reforms; Corporate Strategy; United States;

Citation:

Hiatt, Shon R. "Environmental corporate strategy and advancements in enhanced oil recovery technology among U.S. firms." 2012.