1 Exploring Environmentally Sustainable Business Solutions of Hydraulic Fracturing Ariungerel Bat-Erdene Westcliff University ORG 700: Corporate Social Responsibility Professor: Dr. Peter Sebhatu April 2, 2023 2 Types of Pollution generated by Hydraulic Fracturing The environmental impacts of hydraulic Fracturing in the United States have been studied extensively. These impacts include, but are not limited to, water expenditure and pollution, seismic inducement, and air contamination. However, shale gas development is less waterwasting than traditional gas and oil formation. Shale gas development has only a modest impact on the overall water supply. Hydraulic Fracturing's impact on water pollution is likely primarily due to defective completed wells. Thus, a possible way of reducing water pollution is through the meticulous construction and maintenance of wells. Shale gas development requires periodic testing for pollutants as pollutants may be contained within flow-back fluids. These pollutants must be dealt with early, or the water may become contaminated. Additionally, shale gas development may contribute to greenhouse gas emissions. Protocols should be put in place to monitor and reduce such gas emissions. Work of high urgency includes monitoring pollutants, designing pollutant detectors, analyzing the hydraulic fracturing fluid formation and movement, and testing flow-back fluids for pollutants and reuse. The government regulation address to pollution generated by hydraulic Fracturing Hydraulic Fracturing has enabled the United States to become the largest oil and gasproducing country in the world. To prevent pollution from fracturing in the United States, there must be reasonable guidelines for reporting and documenting the release of waste and spills. Hydraulic Fracturing should also be subject to Underground Injection Control, and diesel fuel should be used for the fracturing fluid. Additionally, there should be increased openness of the chemicals used in the process. This would require regulators to pass standards requiring said disclosures, and external environmental reporting should be performed for federal and state 3 regulators, as well as health officials. Sufficient fracturing reporting requirements allow for additional research to be performed and ultimately allow society to understand better the effects of hydraulic Fracturing on the environment and human health. Government makes environmental protection efforts much worth and effective together with other environmental protection agencies or non-profit organizations. The Government also can have massive leverage on the obedience of rules on environmental contamination control and reduction through levy tax or audit, moreover encouraging of implementing new innovative technology of environmental impact reduction. Since plenty of shale gas and oil resources are available, and these opportunities are attracting businesses in a recoilless, a valuable solution of regulation is needed from the Government. There are several main approaches applicable to control and reduce pollution. Command and control regulation approach based on common environmental law. Acceptable levels of pollutants are regulated by law and make businesses obey environmental quality standards and emission control. Market-based- Mechanism makes the market play the majority of the Role to control pollutants than standard law compliance. This method allows businesses' initiative and innovation to be environment-friendly and competitive in sustainable economic solutions. Cap and trade are one of the processes recognized by buying or selling a right of pollution. Tradable permission has some disadvantages businesses with this right tend to exceed the cap level of pollutants. But it could have worked better measure and more benevolent. Emission level-based charge is another method of pollution control by the Government, and its principles are based on the "more you emit, the more you recompense." This leverage makes businesses lead to seeking eco-friendly, cost-saving ways. As a result, eco-green taxi and electric vehicles are beginning to dominate. Information disclosure is a more communicative way for businesses. They have to 4 report their emission annually to the public. Based on the report, businesses are self-aware and feel embarrassed by the public and launch pollution control methods or better ways of technology. Civil and criminal enforcement is based on the philosophy of civil penalties if a manager or business owner does not report the endangered pollutant emission level. In the comparison above mentioned approaches, the market-based mechanism tends to support business owners and encourage them to generate better ideas or technology to reduce pollution without enforcement. Other ways have contained enforcement principles that limit people from thinking and acting creatively. Advanced and environmentally friendly technology and its application Managing sustainability through implementing environmental law and enforcement and joining innovative approaches to be environmentally friendly is consistent with the essence of human and natural well-being and balance. Human well-being through keeping nature safe is a basic need of any human as a market. Thus, doing business with providing well-being of nature and humans would be a balanced formula of sustainable reputation business. Environmentfriendly businesses follow uncountable benefits. For example, improve business profit sustainability through consuming energy wisely and recycling. Also, it tends to accept public support to protect the environment, giving it has "social license of operation" (Lee et al, 2019). At least, businesses get advantaged and save cost from tax through implementing effective Market based mechanism of environment protection. Therefore, many companies seeks to investigate green technology to reach sustainable competitive advantages. 5 Influencing factors to trigger to comply environmentally responsible methods of fracking It is believed that managing sustainability is getting into competitive advantages. The reason being environmentally safe is one of the significant criterions of the business, and the new market is seeking a safe way of industry and business. Thus, environmental sustainability is essential to be an eternal competitive benefit. For instance, the Role of green innovation is recognized as the reliable competitive advantage of any business (Barforoush et al., 2021). Another good example is vehicle owners tend to shift to use electric car because of tax amount levied on the vehicle index of air pollution. Thus it is evitable that green technology will pace coming era and projected to be bring more sustainable business and solution. 6 Reference: Barforoush, N., Etebarian, A., Naghsh, A., & Shahin, A. (2021). Green innovation is a strategic resource to attain a competitive advantage. International Journal of Innovation Science, 13(5), 645-663. Chen, J., Al-Wadei, M. H., Kennedy, R., & Terry, P. D. (2014). Hydraulic FracturingFracturing: paving the way for a sustainable future? Journal of environmental and public health, 2014. Lee, M. H., Clark, A., Rupp, J., Wietelman, D. C., & Graham, J. D. (2019). Public opinion toward hydraulic FracturingFracturing: The effect of beyond compliance and voluntary third-party certification. Energy Policy, 128, 306-315. Rahm, D. (2011). Regulating hydraulic FracturingFracturing in shale gas plays The case of Texas. 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