TeachMeFinance.com - explain Extractive industries
Extractive industries The term 'Extractive industries' as it applies to the area of energy can be defined as ' Industries involved in the activities of (1) prospecting and exploring for wasting (non-regenerative) natural resources, (2) acquiring them, (3) further exploring them, (4) developing them, and (5) producing (extracting) them from the earth. The term does not encompass the industries of forestry, fishing, agriculture, animal husbandry, or any others that might be involved with resources of a regenerative nature'.
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