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Interrogating the environmental accountability of foreign oil and gas companies in Basra, Iraq: a stakeholder theory perspective

Citation

Morrison, LJ and Alshamari, A and Finau, G, Interrogating the environmental accountability of foreign oil and gas companies in Basra, Iraq: a stakeholder theory perspective, Meditari Accountancy Research pp. 1-27. ISSN 2049-3738 (2023) [Refereed Article]


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Official URL: https://www.emerald.com/insight/2049-372X.htm

DOI: doi:10.1108/MEDAR-08-2021-1425

Abstract

Purpose This paper aims to interrogate the accountabilities of the foreign companies which have directly invested in the Iraqi oil and gas industry.

Design/methodology/approach Using both qualitative and quantitative methodologies, the authors first map the stakeholder accountabilities (qualitative) of foreign oil and gas companies and second, the authors seek to demonstrate quantitatively through structural break tests and publicly available sustainability reports whether these companies have accounted for their environmental and social impacts both to Iraqi people and to the global community.

Findings The authors find that the Western democratic values embedded in stakeholder theory, in terms of sustainability, do not hold the same meaning in cultural contexts where conceptions and application of Western democratic values are deeply problematic. This paper identifies a crucial problem in the global oil supply chain and problematises the application of traditional theoretical approaches in the context of the Iraqi oil and gas industry.

Practical implications Implications of this study include the refocus of attention onto the local and global environmental impacts of the Iraqi oil and gas industry by foreign direct investments. Such a refocus highlights the reasons and ways that decision makers should accommodate these less salient stakeholders.

Originality/value The primary contribution is the critique of the lack of environmental accountability of foreign direct investment companies in the Iraqi oil and gas industry. The authors also make theoretical and methodological contributions via the problematisation of the cultural bias inherent in traditional stakeholder theories, and by introducing a quantitative method to evaluate the accountabilities of companies.

Item Details

Item Type:Refereed Article
Keywords:Stakeholder; Iraq; Community; Environment; Oil industry; Accountability; Emissions
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, auditing and accountability
Research Field:Sustainability accounting and reporting
Objective Division:Commercial Services and Tourism
Objective Group:Environmentally sustainable commercial services and tourism
Objective Field:Environmentally sustainable commercial services and tourism not elsewhere classified
UTAS Author:Morrison, LJ (Dr Leanne Morrison)
UTAS Author:Alshamari, A (Dr Alia Alshamari)
UTAS Author:Finau, G (Dr Glenn Finau)
ID Code:155763
Year Published:2023
Deposited By:Accounting
Deposited On:2023-03-14
Last Modified:2023-03-15
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