The Potential Effect of Environmental Regulations, Citizen Suits on the Costs of Doing Business in the Arctic: A Comparison of U.S. and Norwegian Approaches
Article from: OGEL 2 (2012), in Polar Energy Law (Arctic, Antarctic)
Introduction
The Arctic Ocean is believed to have one of the largest remaining undeveloped reserves of oil and gas in the world. This untapped resource is leading to increased interest by oil and gas companies in exploring and developing above the Arctic circle. However, uniquely harsh conditions and a fragile environment present uncommon risks and challenges to such development. This article explores those risks and compares the current regulatory systems of United States and Norway. Norway has long been thought of as the most advanced country in developing offshore resources in the Arctic ...