Experts warn EU of weak offshore liability law

The application of the polluter pays principle to offshore oil and gas operations is “extremely limited” across Europe, an EU consultancy study has found

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 sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
subs@endseurope.com
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.