Analysis of the Global Energy Industry, Climate Change and Financial Matters: The Need for Effective Corporate Governance

International Journal of Corporate Governance, 10(3-4), 2019, 185-208

42 Pages Posted: 30 Sep 2020

See all articles by Todd Broker

Todd Broker

Murray State University - College of Business

David Durr

Murray State University - College of Business

Murphy Smith

Texas A&M University-Corpus Christi-Department of Accounting

Date Written: 2019

Abstract

Energy companies provide critical economic resources for advanced societies. Yet, critics complain about climate change and excess profits. A plethora of research offers ample evidence, from scientific and policy experts, that climate change is not a significant problem, whether human-caused or otherwise. For example, Richard Lindzen, the Alfred P. Sloan Professor of Meteorology at MIT from 1983 to 2013, called “global warming” proponents discredited alarmists. Financial analysis shows energy companies are less profitable than those in other industries. Findings of this study are meaningful to academic researchers and corporate leaders, particularly if concerned with corporate governance of energy companies. Energy company managers would do well to inform the public, government leaders, and policy makers about the unfair charges of environmental harm and excess profitability, and assert the positive contributions of energy companies to the world economy.

Keywords: Energy industry, economic performance, oil and gas firms, environment, climate change

JEL Classification: G3, G38, M41, Q4, Q5

Suggested Citation

Broker, Todd and Durr, David and Smith, Murphy, Analysis of the Global Energy Industry, Climate Change and Financial Matters: The Need for Effective Corporate Governance (2019). International Journal of Corporate Governance, 10(3-4), 2019, 185-208, Available at SSRN: https://ssrn.com/abstract=3674542 or http://dx.doi.org/10.2139/ssrn.3674542

Todd Broker

Murray State University - College of Business

351 Business Building
Murray, KY 42071-3314
United States

David Durr

Murray State University - College of Business ( email )

351 Business Building
Murray, KY 42071-3314
United States

Murphy Smith (Contact Author)

Texas A&M University-Corpus Christi-Department of Accounting ( email )

6300 Ocean Dr
Corpus Christi, TX 78412
United States

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