In accordance with the regulations given in Gabon's Petroleum Code and planning for future success Capitaine Energy undertakes to be an equal opportunity employer, providing job opportunities to qualified national personnel and appropriate training in aspects of operations, health and safety to its national staff in field locations, and at processing facilities. In the context of its future operations, Capitaine will place the health and safety of people, employment continuity and the protection of, and sustainability of Gabon's unique biodiversity and environment at the heart of its business philosophy.
The Gabon government first announced circa 2011 its "Emerging Gabon Strategic Plan" [viz. Note 4], signalling its firm intent to move the economy towards more sustainable development and growth; focusing on forest conservation and the eco-tourism sector for the creation of jobs for its young population. The aim of becoming the "Costa Rica of Africa" [viz. Note 5] emerged circa 2005. In this context, it is useful to look at Gabon's economic profile, in a multi-faceted manner combining social development, economic achievement and environmental sustainability, rather than using a more traditional GDP based assessment.
The concept of "Doughnut economics" is growing in acceptance as a useful tool for looking at sustainable development [viz. Note 6]. Biophysical and social development indicators are juxtaposed in a concentric display to capture any social development shortfall and ecological overshoot on a "per-capita" basis. It has been used by Leeds University to look at over 150 countries [viz. Notes 7 and 8] and although the per-capita approach skews the perspective, it still allows meaningful comparisons to be made between similar and dissimilar national entities (e.g. Gabon vs Costa Rica vs Indonesia). Nonetheless, the reality is that the majority of countries are using resources at levels that overshoot biophysical boundaries.
Capitaine Energy uses these ideas to formulate its ESG protocols. A 7-11 doughnut shows seven "green" environmental or biophysical indicators (e.g. CO2, nitrogen, land-use, etc.) and eleven "blue" social development indicators (e.g. nutrition, sanitation, democratic quality, education etc.). Gabon is within most biophysical boundaries. The Carbon Dioxide boundary is marginally transgressed although change in "land use", appears significant for a small population of less than 2 million.
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