EU plans to tighten rules on offshore oil drilling

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Share Wednesday 13 October 2010 7:50 pm whatsapp Show Comments ▼ EU plans to tighten rules on offshore oil drilling center_img The European Commission will propose tougher rules on offshore oil and gas drilling in the first half of 2011, but will not demand a temporary halt to new drilling operations, the EU’s energy chief said yesterday.The plans are intended to guard against a repeat of BP’s Deepwater Horizon disaster in the Gulf of Mexico, which killed 11 workers and led to the worst oil spill in US history.After BP’s spill, the Commission floated the idea of a moratorium on new deep water drilling operations until the exact causes of the disaster had been fully investigated, but has since softened its stance.The new rules would introduce stricter licensing regimes and require drilling companies to prove they can cover the full cost of any future accidents, possibly through insurance schemes, the Commission said.“We will hopefully in spring of next year be able to make the relevant proposals for legislation,” said EU energy commissioner Guenther Oettinger, adding that any plans would need to be approved by EU governments and lawmakers. The new rules could require companies to build up cash reserves to cover at least part of the cost of future clean-up operations. KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks whatsapp Tags: NULLlast_img read more