The degrading of natural resources and the continued green house gas emissions in Nigeria are on the increase and of concern to the stakeholders, hence the need for increased information on the organizations’ influence on the environment. The study identifies environmental accounting issues and the effects of these environmental factors on the life of Nigerians. It was discovered that environmentally friendly organizations who voluntary disclose their environmental activities enjoy high level of competitiveness. Environmental accounting motivates organizations to track their green house gas emissions and other environmental elements against reduction or elimination point. It was recommended that companies should adopt acceptable and uniform standards for the purpose of control and measurement of performance, and should design products which generate less waste or emission during their life cycle.