Evaluating the impact of international environmental laws on oil and Essay

Evaluating the impact of international environmental laws on oil and gas - Essay Example Recommendation(s) †¢ GEP-Oil Company must follow the principles of the International Environment law to the latter. †¢ The Company is bound to look for more advanced technologies to be able to exploit he Oil and Gas in an advanced manner. †¢ Experts in Climatic conditions should be consulted before the commencement of the drilling process. †¢ The company must compensate the inhabitants. 1. Background The main issues in the case study are that the presence of Oil and Gas plays an immense role in the economy of Russia and the welfare of the people as a whole. However, this exploration in the Arctic requires huge investments, which have prompted the Russian oil Companies to enter into an alliance with the international companies to expedite the exploration process. In light of this, the board paper has been organised into four sections. Each section analyses about an issue that pertains to exploration that is free from environmental destruction and one that depicts w hat is expected by the Russian government. The Russian environmental laws are similar to the international environment al laws in a number of ways. The Russian environmental laws also recognize that there is a need for each nation to be able to protect the environmental and at the same time each state should be given the freedom to be able to exploit their natural resources. According to principle one of the Rio Declaration, human beings are the centre of environmental concerns because they need to be able to have high quality life. The Russian environmental laws also recognize these factors and incorporate it in the principles of the law. There are also laws in the region where Russia is that are also invective of the need for the concerned stakeholders to understand the need to protect the natural resources for the sake of human beings. The arctic region in which Russia belongs, there are some environmental laws that need are very similar to international laws. The Arctic Environm ental Protection Strategy is an environmental guidance that helps nations in the arctic region to abide in within the environmental standards. Russian national laws are also similar to the international environmental laws in that they also recognize that there is an importance to protect the local waters (marine). This is in line with MarPol environmental laws and guidance that provide for the ways in which the laws must be able protect the environment. Russia is a member of the artist centre but he laws developed by the arctic centre are not abiding. The arctic centre has developed the laws and guidelines that help member states to abide within the guidelines of international laws. MarPol helps nations around the world to be able to deal with the seal pollution. The Russian environmental policy also recognizes that there is a need to protect the sea and reduce marine pollution. These laws are also in line with the Conventional of Biodiversity guides which emphasize on the need to p rotect the natural resounds especially living things. The other important factor about international law in relation to the Russian environmental law is the recognition of the need for the state to be able to protect the environmental and the need to be able to