management of water polluting oil refinery says that it ensures welfare through contribution to GDP
defend or refute the argument of management

Dear Student, 

GDP Welfare means The GDP which is used to measure the welfare of the people of the country.

The Statement is Refuted
because management of water polluting oil refinery will surely contribute towards the GDP but It leads to degradation of the environment which decreases the welfare of the people of the country. So, the statement is refuted.

Regards.