Falklands Oil & Gas is all set to start drilling for oil around the Falkland islands. Is it possible to do this responsibly?
There are issues around environmental impact – many of which are shared with all other oil companies. But there is also the issue of the political ramifications of drilling in contested waters. However in their most recent Annual Report, there is just 1 page on responsibilities (and no accompanying Sustainability Report). There is not even a single mention of Argentina!
I suppose ‘caveat emptor’ is a basic business principle.