This article analyses the capacity of the current Australian petroleum regulatory framework to encourage sustainable socio-economic extraction of Australia's offshore petroleum resources through a comparative analysis with the regulatory framework for Norway. Firstly it considers what sustainable development means within the context of non-renewable petroleum resources. After examining the petroleum resources and policies of Australia and Norway, this paper focuses on the legislative framework that regulates offshore petroleum and extraction. The analysis identifies a number of limitations of the current Australian legislative framework to encourage sustainable petroleum extraction.
|Number of pages||35|
|Journal||Oil, Gas & Energy Law Intelligence|
|Publication status||Published - Mar 2012|