Philosophical Thinking About Somalia's Oil And Gas Exploration
Somalia is currently at a crucial moment due to the possibility of discovering oil and gas deposits, despite its long-standing instability and economic complications. This article provides inclusive philosophical analysis of the environmental, ethical and economic dimensions of resource production in the context of Somali’s fragile social, environmental, and political context.This study evaluates the moral responsibilities of shareholders involved in gas and oil exploration, especially balancing economic benefit with environmental sustainability and communities’ justice. We used different methods of deontological ethics, utilitarianism, and deep ecology. We discuss ethical considerations such as intergenerational justice, corporate social responsibility, promotinggovernance frameworks that confirm equitable distribution of resource wealth, and avoiding the onset of the “resource curse.” We also take some case studies from Venezuela, Nigeria, and Canada and give insights into the potential pitfalls and best practices for resource management. This article accomplishes by recommending the best strategic approach that incorporates ethical considerations into petroleum Somalia’s industry, economy equity, promoting sustainable development, and long-term environmental stewardship
Authors
- Hussein Abdullahi Ali
- Ayub Hassan Ulusow
Institutions
- Peoples' Friendship University of Russia (RU)
Publication Details
- Journal
- IOSR Journal of Environmental Science Toxicology and Food Technology
- Published
- 2024-10-01
- DOI
- https://doi.org/10.9790/2402-1810014953
- Primary Topic
- Economic, financial, and policy analysis
- Type
- article
- Field-Weighted Citation Impact
- 0.00