Copyright (c) 2013 Texas A&M University School of Law
Texas A&M Law Review
2013 SPRING ENERGY LAW SYMPOSIUM: THE TROPICS EXPLOITED: RISK PREPAREDNESS AND CORPORATE SOCIAL RESPONSIBILITY IN OFFSHORE ENERGY DEVELOPMENT
Texas A&M Law Review
1 Tex. A&M L. Rev. 335
By: Nadia B. Ahmad*
Soaring energy demands and increasing technological innovation have led to the rapid exploitation of offshore oil and gas exploration and development. This Article seeks to examine elements of risk preparedness and corporate social responsibility in the context of the underwater natural gas pipeline in the Eastern Caribbean and the exploration of Florida's potential offshore energy reserves. I discuss these two case studies to illustrate the prevalence of emerging energy corridors in previously unfathomable tropical and subtropical locales known for tourism-intensive commercial activity. While images of environmental degradation of the 2010 BP oil spill remain entrenched in the collective consciousness, oil and gas operators are continuing to forge ahead with developing natural resource plays. This Article outlines an agenda for managing the inevitable exploitation of natural resources through sustainable development principles.
While public hesitation exists against offshore energy development, oil and gas exploration can be achieved in a more sustainable manner with effective regulatory schema. A realization of corporate social responsibility and planning geared toward risk preparedness instead of risk management after disaster strikes provides a preliminary framework for conducting a cost-benefit analysis. I would like to explore techniques for sustainable exploration and development of offshore energy resources, as well as ways to engage the local, state, and regional groups. First, I will discuss the Eastern Caribbean Gas Pipeline Project and then turn toward offshore energy development in Florida.
II. Analysis of the Eastern Caribbean Gas Pipeline Project
Developers plan to break ground on a 600-mile network of undersea ...
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