Energy & CSR in T&T in the Second Decade of the 21st Century

Book Title: 
Governance Ecosystems: CSR in the Latin American Mining Sector
Author(s): 
Publication Year: 
2011
Publication Place: 
London
Publisher: 
Palgrave MacMillan
DOI: 
10.1057/9780230353282.0001
ISBN: 
978-02-3-027764-9
Pages: 
245-259
Abstract: 

Trinidad and Tobago (T&T) has been an energy producer – from oil to gas – for over 100 years. During that century, the relationship between the state and corporations has evolved, particularly since indepen- dence and now in a new century/decade/regime. At the end of the first decade of the new millennium, T&T presents a set of overlap- ping insights into (1) ‘emerging economies’ and ‘developmental states’; (2) the prospects for small-island developing states (SIDS); (3) opportuni- ties and constraints of ‘globalization(s)’; and (4) prospects for Corporate Social Responsibility (CSR) in such a context of energy concentration. The contribution of energy to Gross Domestic Product (GDP) has grown exponentially, from a quarter in the late 1980s to almost half today, with liquefied natural gas (LNG) and petrochemicals being a growing proportion particularly since the early 1990s (Guyadeen, 2010, p. 91).