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Oil plays a vast and vital role in our society as it is organized today. Oil represents much more than just one of the main energy sources used by mankind. Besides being an important energy source, petroleum products serve as feedstock for several consumer goods, thus playing a growing and relevant role in people's lives. This book aims to present the main environmental impacts of the oil and gas industry throughout the stages of exploration and discovery of new deposits, hydrocarbon production and oil refining. It also addresses the issue of environmental risks in the industry and possible accidents that may arise from its activities.