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

Institutions

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
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Philosophical Thinking About Somalia's Oil And Gas Exploration

Hussein Abdullahi Ali, Ayub Hassan Ulusow
IOSR Journal of Environmental Science Toxicology and Food Technology
Economic, financial, and policy analysis
article

Philosophical Thinking About Somalia's Oil And Gas Exploration

Hussein Abdullahi Ali, Ayub Hassan Ulusow
article en

Abstract

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

IOSR Journal of Environmental Science Toxicology and Food TechnologyVol. 18(10)
Peoples' Friendship University of Russia (RU)
Openalex Percentile: Top 66%
Economic, financial, and policy analysis
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.