Gas Flaring and its Implication for Environmental Accounting in Nigeria

AYOOLA Tajudeen John

Abstract


The study examines the theoretical framework for gas flaring and its implication for environmental accounting in the Nigerian Petroleum Industry. Data were sourced from the annual reports of companies involved in gas flaring in the oil and gas industry and the result reveals that the issue plaguing environmental accounting disclosures relate to lack of a standardized requirement for disclosure, political will for legislation, enforcement and the allocation of environmental costs, therefore, the study recommends the development of an integrated corporate environmental policy with legal backing that will streamline environmental information disclosures in annual accounts


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Journal of Sustainable Development   ISSN 1913-9063 (Print)   ISSN 1913-9071 (Online)

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