Oil spills, governance and institutional performance: The 1992 regime of liability and compensation for oil pollution damage

Soto-Oñate, David; Caballero, Gonzalo

doi:10.1016/j.jclepro.2017.08.021

Cited by 26 publications

(15 citation statements)

References 19 publications

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“…However, inconsistent results existed due to the ambiguity of the theory used, lack of appropriate data, and inappropriately used key terms that open for further investigation of the study matter. Additionally, Soto‐Onate and Caballero (2017) is the closest research with ours. Their review is about how oil spills will affect institutional performance.…”

Section: Theoretical Argument and Hypothesis Developmentmentioning

confidence: 57%

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Does clean technology weaken the environmental impact on the financial performance? Insight from global oil and gas companies

Kontesa

2021

Bus Strat Env

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This study aims to clarify the relationship between environmental performance and financial performance by introducing clean technology as the moderating variable.We contest two major theories, natural resource-based view theory and neoclassical theory, to reveal a comprehensive understanding of environmental performance's impact on financial performance. The hypotheses are tested on 111 global oil and gas companies using dynamic panel generalized method of moments (GMM). Our analysis reveals three key findings. First, lower environmental performance leads to lower financial performance confirming the natural resource-based view theory.Second, clean technology has no significant effect on financial performance, arguing the marginal abatement cost. Finally, our results report that clean technology has no impact on increasing financial performance during high waste spills or high emissions.Theoretical and practical implications resulting from the adoption of clean technology to moderate the environmental impact on financial performance are also discussed.

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Section: Theoretical Argument and Hypothesis Developmentmentioning

confidence: 57%

“…CO emission is defined as total carbon emissions produced by an oil and gas company (Trumpp & Guenther, 2017). The waste spills are defined as the spill volume per year of oil and gas companies (Soto‐Onate & Caballero, 2017). Note that those two EP measures are interpreted as an inverse relationship with EP.…”

Section: Methodsmentioning

confidence: 99%

Does clean technology weaken the environmental impact on the financial performance? Insight from global oil and gas companies

Kontesa

2021

Bus Strat Env

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“…From the marine protection regime, the precautionary principle gains full recognition as one of the principles of environmental management recognized in the 1992 Rio Declaration for subsequent adoption in almost all international agreements on environmental protection that emerged after the Rio Declaration. [12] The precautionary principle as an environmental management principle is generally recognized to be raised in Indonesian legislation through Article 2f of the Law of Environmental Protection and Management (UUPPLH) which states that environmental protection and management are based on the precautionary principle. In the explanation, it is mentioned that precautionary principle is defined that the uncertainty on the impact of business and activity due to limited mastery of science and technology is not a reason to delay the measures to minimize or avoid threats to pollution and environmental damage.…”

Section: Resultsmentioning

confidence: 99%

“…There is a convention as a result of the states (IMCO / IMO) made to avoid any legal complexity that may arise in the case of oil spills and to meet the needs of international regulations. The IMO is rapidly working to develop a uniform international instrument by regulating the liability procedures in the event of an oil spill [12].…”

Section: Resultsmentioning

confidence: 99%

Precautionary Principle Through the Obligations of Marine Insurance for Oil Tankers in the Indonesian Legal System

Purwendah¹

2019

Proceedings of the the First International Conference on Islamic Development Studies 2019, ICIDS 2019, 10 September 2019, Banda

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Marine Insurance is a priority need nowadays considering Indonesia is an archipelagic state. Marine insurance related to tanker transportation regulated through the International Convention on Civil Liability for Oil Pollution Damage 1969 and the Protocol 1992 (CLC 1969). The CLC Convention was established to ensure adequate compensation for oil pollution victims due to tanker accidents. The Convention imposes liability on shipowners for the environmental losses from oil pollution. The Convention requires insurance for large tankers weighing 2000 tons or more for the prevention of damage to the marine environment. Indonesia, as a state ratifying the CLC 1969 must apply the obligations in the national legal system as the fulfillment of the precautionary principle of oil pollution by tanker accident. The approach method was normative juridical and the secondary data used in the discussion of the paper. Marine insurance in the form of the Insurance of Protection and Indemnity (P & I) as the protection for ship owners, operators, or tenants of legal liability to third parties is the application of Precautionary Principle in order to protect the rights of coastal states on their marine environments in international shipping lanes which are hazardous transports. The use of the principle included in the Circular Letter of the Minister of Transportation no. AL.801/ 1/ 2 Phb 2014 concerning the obligation to ensure vessels using vessel removal insurance and compensation protection. The nature of the imposition of vessel liability insurance addressed to ships in general.

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“…Extraction, processing, and the use of fossil fuels and their derivatives are activities that continuously cause irreversible harm to our planet. − The protection of the environment is an issue of major importance, and it is one of the biggest challenges of the 21st century. Over the past decades, it has become a top priority to develop environmentally friendly materials that can replace oil and gas as building blocks for chemicals .…”

Section: Introductionmentioning

confidence: 99%

Epoxidation of Fatty Acids and Vegetable Oils Assisted by Microwaves Catalyzed by a Cation Exchange Resin

Aguilera

Tolvanen

Heredia

et al. 2018

Ind. Eng. Chem. Res.

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Epoxidation of oleic acid and cottonseed oil was conducted in a semibatch reactor with in-situ-formed percarboxylic acid (peracetic acid or perpropionic acid), using hydrogen peroxide as an oxidizing agent and carboxylic acid (acetic acid or propionic acid) as oxygen carriers. Amberlite IR-120 was implemented as the catalyst. The system was comprised of a loop reactor, where the mixture was pumped through a single-mode cavity in which microwave irradiation was introduced. A heat exchanger was integrated into the system to replace microwave heating, to compare the results obtained via microwave heating versus conventional heating. The catalyst loading effect was studied, as well as the influence of microwave irradiation and the implementation of the SpinChem rotating bed reactor (RBR), in hopes of decreasing the influence of the internal mass transfer. The application of microwave irradiation results in an improvement of the reaction yield in the absence of a catalyst.

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Oil spills, governance and institutional performance: The 1992 regime of liability and compensation for oil pollution damage

Cited by 26 publications

References 19 publications

Does clean technology weaken the environmental impact on the financial performance? Insight from global oil and gas companies

Does clean technology weaken the environmental impact on the financial performance? Insight from global oil and gas companies

Precautionary Principle Through the Obligations of Marine Insurance for Oil Tankers in the Indonesian Legal System

Epoxidation of Fatty Acids and Vegetable Oils Assisted by Microwaves Catalyzed by a Cation Exchange Resin

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