The application of the polluter pays principle to offshore oil and gas operations is “extremely limited” across Europe, with many claims likely to fail in the event of a major accident, according to a major study for the European Commission.
Many EU member states do not have systems to handle compensation payments, or rules to ensure operators would have the financial assets to meet such claims, say consultancy Deloitte and law firm Stevens & Bolton.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.