Description
Further Details Title: Risk Allocation and Distributive Justice in the Energy Industry Condition: New Subtitle: Law, Policy and Practice EAN: 9781399517706 ISBN: 9781399517706 Publisher: Edinburgh University Press Format: Hardback Release Date: 09/30/2024 Language: English Country/Region of Manufacture: GB Item Height: 234mm Item Length: 156mm Author: Smith I Azubuike Genre: Law & Politics Description: This book examines the practice of risk allocation in the offshore energy industry through the public policy lens and offers a novel perspective on the concept of gross negligence in risk allocation. This perspective is founded on the proportionality element of distributive justice in burden distribution. The assessment of how mutual indemnity clauses apply as an absolute shield against liability arising from gross negligence reveals that moral hazard can result from the practice.In the analysis, this book considers the risk allocation practice in PSC and Concession regimes and how parties' liability is determined in drilling contracts. This book considers gross negligence a sui generis risk and provides a definitional pathway for determining when gross negligence occurs and how it should apply to offshore drilling contracts. Thus, it advances an environmental sustainability approach to offshore petroleum drilling operations. This book will be useful to operators and contractors, resource-rich countries, insurance companies, practitioners, scholars, and academics interested in risk allocation in the petroleum industry. Release Year: 2024 Missing Information? Please contact us if any details are missing and where possible we will add the information to our listing.
This book dives deep into the complexities of risk distribution in the energy sector, offering a sharp analysis of legal and policy frameworks. Azubuike presents a well-researched perspective on balancing fairness and efficiency, making it essential for professionals and academics alike. Clear, insightful, and timely—highly recommended for anyone interested in energy law and justice.