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It is often used interchangeably, especially in the oil and gas industry, with the term "sustainable development," with the latter being the more accepted of the two. The concept has since expanded and become increasingly important to the oil and gas industry. Although sustainability seems to be a recent concern, it has been discussed and developed for many years. There have been many summits, meetings, and conferences that have focused on sustainability and sustainable development in both the broad sense and one that is more specific to certain industries (see Figure 1).[2] The most recent conference took place in 2012, in Rio de Janeiro, Brazil, or Earth Summit 2012, whose objectives were (1) securing renewed political commitment for sustainable development, (2) assessing the progress and implementation gaps in meeting previous commitments, and (3) addressing new and emerging challenges.[3] Discussions focused on two main themes: (1) How to build a green economy to achieve sustainable development and lift people out of poverty, including support for developing countries that will allow them to find a green path for development.
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