BALANCE BETWEEN INDUSTRY AND ENVIRONMENT ? A CASE STUDY OF IOC AT BUDGE BUDGE

Oil represents more than just one of the main energy sources used by mankind .On the other hand, despite its potential threats to the environment , the oil industry plays a positive role in the society as well, creating many jobs and generating a significant volume of tax revenues and royalties to national government. In this paper an attempt has been made to analyse the impact of oil industry on environment with special reference to Budge Budge Indian Oil Corporation (IOC) keeping in mind that unless there is a balance between industry and environment there cannot be any wellbeing of nations.