- Energy industry
The energy industry is a generic term for all of the industries involved the production and sale of
energy, including fuelextraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructureand maintenance of society in almost all countries.
In particular, the energy industry comprises:
petroleum industry, including oil companies, petroleum refiners, fuel transport and end-user sales at gas stations
* the gas industry, including
natural gasextraction, and coal gasmanufacture, as well as distribution and sales
electrical power industry, including electricity generation, electric power distributionand sales
renewable energy industry, comprising alternative energyand sustainable energycompanies, including those involved in hydroelectric power, wind power, and solar powergeneration, and the manufacture, distribution and sale of alternative fuels.
* traditional energy industry based on the collection and distribution of
firewood, the use of which, for cooking and heating, is particularly common in poorer countries
Defining the energy industry
United Nationsdeveloped the International Standard Industrial Classification, which is a list of economic and social classifications. [ [http://unstats.un.org/unsd/cr/family1.asp United Nations economic and social classifications] Accessed 6 April 2007.] There is no distinct classification for an energy industry, because the classification system is based on "activities", "products", and "expenditures according to purpose". [ [http://unstats.un.org/unsd/cr/registry/regct.asp?Lg=1 United Nations Available Classifications] Accessed 6 April 2007.]
Countries in North America use the
North American Industry Classification System(NAICS). The NAICS sectors #21 and #22 (mining and utilities) might roughly define the energy industry in North America. This classification is used by the U.S. Securities and Exchange Commission.
Financial market classifications
Global Industry Classification Standardused by Morgan Stanleydefine the energy industry as comprising companies primarily working with oil, gas, coal and consumable fuels, excluding companies working with certain industrial gases. [ [http://www.mscibarra.com/products/gics/structure.jsp MSCI-Barra GICS Tables] Accessed 6 April 2007.]
Add also to expand this section:
Dow Jones Industrial Average[ [http://www.icbenchmark.com/docs/ICB_StructureSheet_120104.pdf Industry Classification Benchmark for Dow Jones Indexes (United States) and FTSE Indexes (United Kingdom)] (pdf)]
Because of government encouragement in the form of subsidies and
tax incentives, energy conservationefforts are also being increasingly viewed as a major function of the energy industry, as saving an amount of energy has almost identical economic benefits to generating that same amount of energy. The energy industry generates a large amount of pollution, including the generation of toxic gases and greenhouse gases from fuel combustion, nuclear wastefrom nuclear power generation, and oil spillages in the petroleum industry. Because of government regulation, pollution regulationefforts form an increasing part of the energy industry, and the trading of carbon credits and pollution credits on the free market may also result in energy saving and pollution control measures becoming even more important to energy companies.
Canadian Centre for Energy Information
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