ABSTRACT
The study focuses on effects of
environmental accounting on the performance of oil and gas companies in
Nigeria. Oil and gas flaring have caused severe environmental damages, loss of
plants, animals and human lives, and loss of revenue of both the oil producing
companies and the government petroleum exploration, exploitation, storage,
distribution and transportation activities affect the environment I in a
conspicuously negative manner. The method of data collection adopted by the
researcher are the use of secondary data and the secondary data were
derivedfrom the Central Bank ofNigeria statistical bulletin, publication
ofenvironmental impact assessment agency. After collection of the data from the
secondary sources, the data were tabulated and statistically analyzed using the
ordinary least square analytical technique. It was discovered that there exist
a significant relationship between environmental costs and earnings per share
of oil and gas companies in Nigeria. The study also revealed that there exist a
sign fi cant relationship between gas utilization and output of oil and gas
production in Nigeria. In this study we have made our attempt to assess the
impact of environmental costs on earnings per share of oil and gas companies in
Nigeria. This study proffers framework for environmental costs in the oil and
gas industry in Nigeria. To this end, this contributes to studies on
environmental costs at a global level using the perspective of Nigeria oil and
gas industry. It is therefore concluded that oil spillage and gas flaring costs
does not significantly affect the earnings per share of oil and gas companies in
Nigeria. Fines and penalties tremendously affect earnings per share of oil and
gas companies in Nigeria. Generally, there are no standards guiding
environmental costs in the oil and gas industries in Nigeria. Oil and gas
companies operating in Nigeria should take necessary measures to avoid the
payment of fines and penalties. To ensure this, they should strictly comply with
environmental regulations as specified by the regulatory Agency of the oil and
gas industry.
ODEKE, W (2021). Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Company) . Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-company-7-2
WINNER, ODEKE. "Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Company) " Mouau.afribary.org. Mouau.afribary.org, 23 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-company-7-2. Accessed 02 Nov. 2024.
WINNER, ODEKE. "Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Company) ". Mouau.afribary.org, Mouau.afribary.org, 23 Jul. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-company-7-2 >.
WINNER, ODEKE. "Effect Of Environmental Accounting On The Performance Of Oil And Gas Companies In Nigeria, 2008 - 2017 (A Study Of Selected Oil And Gas Company) " Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-environmental-accounting-on-the-performance-of-oil-and-gas-companies-in-nigeria-2008-2017-a-study-of-selected-oil-and-gas-company-7-2