US oil companies have never stopped investing and operating in Venezuela’s petroleum industry, despite many changes in the terms of their engagement.
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Even with a 75% tax, energy companies can claim tax reliefs on UK projects.
Most claiming to be compatible with the climate agreement show a strong continuing reliance on natural gas and coal.
Newfoundland and Labrador’s offshore oil and gas industry is the province’s largest contributor to the economy and will be critically important to its future.
The surprise decision is an important win for many Australians, but reform of Australia’s offshore petroleum laws is urgently required to protect marine environments.
It would take 17 days to respond to an oil spill in the Great Australian Bight. And that’s the best-case scenario.
Top contributors
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Professor of Energy and Natural Resources Law, Macquarie University
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Professor of Sustainability, University of Dayton
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Nonresident Fellow in Energy and Global Oil, Baker Institute for Public Policy, Rice University
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Vice-President, Academic and Research, University of Prince Edward Island
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Senior Lecturer, School of Business, Western Sydney University
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Assistant Professor in Taxation, University College Dublin
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Professor of Organisational Studies, University of Sydney
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Associate Professor of Energy Law, Macquarie University
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Postdoctoral Researcher, Humboldt University of Berlin; International Institute for Applied Systems Analysis (IIASA)