Description: Civil Liability and Financial Security for Offshore Oil and Gas Activities provides insights into the liability and compensation regime for offshore-related damage. The book analyses the legal regime in a variety of states (including the US and the UK) as well as the EU regime. In addition, the various compensation mechanisms and amounts available today to compensate offshore-related damage are described and critically analysed. Moreover, the book is based on in-depth interviews with a wide variety of relevant stakeholders including insurers, representatives from supervisory authorities, and oil and gas producers. This volume also provides a variety of policy recommendations, formulated to provide an optimal compensation regime for offshore-related damage.
Brief description: Michael Faure is Professor of Comparative Private Law and Economics at Erasmus University Rotterdam and Professor of Comparative and International Environmental Law at Maastricht University. He also serves as Academic Director of the Maastricht European Institute for Transnational Legal Research (METRO).