Role of the Regulatory Framework in Encouraging the Sustainable Extraction of Petroleum Resources in Australia and Norway
Article from: OGEL 1 (2014), in OGEL Special: Offshore Petroleum Exploration and Production: Challenges and Responses
Introduction
In this paper the author analyses the petroleum policy of Australia and its capacity to implement the objective of sustainable development of Australia's petroleum resources in comparison with the regulatory regime of Norway. The paper focuses on the structure and function of the legislative and contractual elements of the policy and dwelling on the social and economic aspects of sustainable development of petroleum resources. It submits that the present Australian legislative and policy framework does not encourage sustainable extraction of petroleum resources to the fullest possible ...