Conflict of Interest Examine how conflict may develop between economic interests and environmental interests, with reference to example(s) that you have studied. - Leaving Cert Geography - Question C - 2012

A relevant example is the conflict in the Amazon rainforest, where oil companies aim to exploit natural resources, while indigenous communities and environmental groups fight to protect their land and the biodiversity of the ecosystem.

1. Economic Interests: Companies involved in fossil fuel extraction prioritize financial gains, investments, and job creation in local economies. The promise of revenue can lead local governments to support oil drilling in ecologically sensitive areas.

2. Environmental Interests: Conversely, environmentalists stress the significance of preserving the Amazon, which is crucial for global climate regulation. The destruction of this forest contributes to climate change and threatens endemic species.

3. Social Impact: Local communities experience displacement due to drilling activities, resulting in loss of livelihoods. This socioeconomic aspect is often overshadowed by the focus on economic development.

4. Policy Conflicts: Legislation supporting economic activities may conflict with environmental regulations designed to protect critical habitats. The lack of stringent enforcement of environmental laws exacerbates the situation.

5. Public Opinion: As awareness of climate change increases, public opposition towards environmentally harmful practices grows. This can create a backlash against companies perceived as environmentally irresponsible.

6. Long-term Consequences: The prioritization of short-term economic gains can have long-lasting detrimental effects on the environment, leading to biodiversity loss and climate issues, which may ultimately impact economic sustainability itself.