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• W3089896938 abstract "This article investigates empirical evidence from the Canadian oil and gas sector regarding the key factors behind corporate decision-making in moving from “business as usual” to tackling climate change. The findings are based on survey data from a sample of 127 managers. Logit regression analysis revealed that pressure from government, customers, suppliers and competitors increased the likelihood that firms will adopt a low-carbon strategy. Compared to other stakeholders, investors and employees may not be as strongly committed to adopting a climate change strategy. Media and corporate sustainability reporting were not found to be important factors in influencing firms to adopt low-carbon strategies, while command-and-control policies and firms’ perceptions of the risk of resource scarcity were factors that seemed to have the most influence on corporate decision-making. Multinational oil and gas firms headquartered in Canada appeared to be more likely to adopt low-carbon strategies than foreign multinational oil and gas firms. This research contributes to a better understanding of the key factors that affect corporate decision-making concerning GHG emission-reduction policies. Regulatory action based on significant engagement with affected stakeholders would appear to be particularly important in creating a broad base of support and pressure for action on climate change." @default.
• W3089896938 created "2020-10-08" @default.
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• W3089896938 date "2021-01-01" @default.
• W3089896938 modified "2023-10-14" @default.
• W3089896938 title "From “business as usual” to tackling climate change: Exploring factors affecting low-carbon decision-making in the canadian oil and gas sector" @default.
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• W3089896938 doi "https://doi.org/10.1016/j.enpol.2020.111932" @default.
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