The Role of The Regulatory Framework in Encouraging the Sustainable Extraction of Petroleum Resources in Australia and Norway
Article from: OGEL 3 (2012), in OGEL Ten Years Special Issue: Internationalisation of Energy Law
This article analyses the capacity of the current Australian petroleum regulatory framework to encourage sustainable socio-economic extraction of Australia’s offshore petroleum resources through a comparative analysis with the regulatory framework for Norway. Firstly it considers what sustainable development means within the context of non-renewable petroleum resources. After examining the petroleum resources and policies of Australia and Norway, this paper focuses on the legislative framework that regulates offshore petroleum and extraction. The analysis identifies a number ...