Exploratory Drilling in the Arctic Outer Continental Shelf
As companies consider pursuing offshore exploratory drilling operations in the Arctic Outer Continental Shelf, the federal regulatory regime surrounding such activities continues to develop. In February 2015, the United States Department of the Interior released a proposed rule employing more string...
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ftcdlib:qt0ts6c8ht 2023-05-15T14:23:47+02:00 Exploratory Drilling in the Arctic Outer Continental Shelf Hoverman, Taylor 2016-01-01 application/pdf http://www.escholarship.org/uc/item/0ts6c8ht english eng eScholarship, University of California qt0ts6c8ht http://www.escholarship.org/uc/item/0ts6c8ht public Hoverman, Taylor. (2016). Exploratory Drilling in the Arctic Outer Continental Shelf. UCLA Journal of Environmental Law and Policy, 34(2). Retrieved from: http://www.escholarship.org/uc/item/0ts6c8ht environmental law arctic drilling offshore drilling Arctic Outer Continental Shelf BOEM article 2016 ftcdlib 2017-03-03T23:50:14Z As companies consider pursuing offshore exploratory drilling operations in the Arctic Outer Continental Shelf, the federal regulatory regime surrounding such activities continues to develop. In February 2015, the United States Department of the Interior released a proposed rule employing more stringent standards and requirements for offshore exploratory drilling operations in order to ensure effective and safe exploration in the Arctic Outer Continental Shelf. The proposed rule has received mixed responses, with environmental groups praising the government for regulating such activities while simultaneously requesting that the mandates become even more stringent. The regulated entities in the oil and gas industry oppose the rule because they argue it is redundant and unnecessary, while also imposing extravagant costs for relatively minimal improvements to the safety of these exploratory drilling operations. However, as with any regulation, controversy among different interest groups is to be expected. To determine whether the proposed rule is the appropriate regulatory approach, this article employs a familiar tool to determine the favorability of the proposed regulation: economic analysis. Although some claim that economic analysis is an improper tool for quantifying certain benefits such as environmental protection, it seems clear that the government must find some way to reconcile these conflicting interests and ensure the sustainable development of Arctic resources moving forward. This article provides a starting point for this discussion by assessing the economic costs associated with the proposed rule. Article in Journal/Newspaper Arctic Arctic University of California: eScholarship Arctic |
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Open Polar |
collection |
University of California: eScholarship |
op_collection_id |
ftcdlib |
language |
English |
topic |
environmental law arctic drilling offshore drilling Arctic Outer Continental Shelf BOEM |
spellingShingle |
environmental law arctic drilling offshore drilling Arctic Outer Continental Shelf BOEM Hoverman, Taylor Exploratory Drilling in the Arctic Outer Continental Shelf |
topic_facet |
environmental law arctic drilling offshore drilling Arctic Outer Continental Shelf BOEM |
description |
As companies consider pursuing offshore exploratory drilling operations in the Arctic Outer Continental Shelf, the federal regulatory regime surrounding such activities continues to develop. In February 2015, the United States Department of the Interior released a proposed rule employing more stringent standards and requirements for offshore exploratory drilling operations in order to ensure effective and safe exploration in the Arctic Outer Continental Shelf. The proposed rule has received mixed responses, with environmental groups praising the government for regulating such activities while simultaneously requesting that the mandates become even more stringent. The regulated entities in the oil and gas industry oppose the rule because they argue it is redundant and unnecessary, while also imposing extravagant costs for relatively minimal improvements to the safety of these exploratory drilling operations. However, as with any regulation, controversy among different interest groups is to be expected. To determine whether the proposed rule is the appropriate regulatory approach, this article employs a familiar tool to determine the favorability of the proposed regulation: economic analysis. Although some claim that economic analysis is an improper tool for quantifying certain benefits such as environmental protection, it seems clear that the government must find some way to reconcile these conflicting interests and ensure the sustainable development of Arctic resources moving forward. This article provides a starting point for this discussion by assessing the economic costs associated with the proposed rule. |
format |
Article in Journal/Newspaper |
author |
Hoverman, Taylor |
author_facet |
Hoverman, Taylor |
author_sort |
Hoverman, Taylor |
title |
Exploratory Drilling in the Arctic Outer Continental Shelf |
title_short |
Exploratory Drilling in the Arctic Outer Continental Shelf |
title_full |
Exploratory Drilling in the Arctic Outer Continental Shelf |
title_fullStr |
Exploratory Drilling in the Arctic Outer Continental Shelf |
title_full_unstemmed |
Exploratory Drilling in the Arctic Outer Continental Shelf |
title_sort |
exploratory drilling in the arctic outer continental shelf |
publisher |
eScholarship, University of California |
publishDate |
2016 |
url |
http://www.escholarship.org/uc/item/0ts6c8ht |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic Arctic |
genre_facet |
Arctic Arctic |
op_source |
Hoverman, Taylor. (2016). Exploratory Drilling in the Arctic Outer Continental Shelf. UCLA Journal of Environmental Law and Policy, 34(2). Retrieved from: http://www.escholarship.org/uc/item/0ts6c8ht |
op_relation |
qt0ts6c8ht http://www.escholarship.org/uc/item/0ts6c8ht |
op_rights |
public |
_version_ |
1766296273611128832 |