Energy Bill briefing 2011
As 'easy to reach oil' becomes scarcer, companies are expanding their search to new frontiers, such as the Arctic, previously considered too inaccessible, expensive or risky to exploit.
There are legitimate concerns that oil companies are not technically capable of, or financially prepared for, managing spills and their aftermath in these new and challenging environments; and that they are not being required to demonstrate their preparedness publicly, before being granted licenses to explore and produce oil.
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