Quote:
Originally Posted by goofyballer
When I see those Exxon (I think?) commercials with some scientist talking about farming energy from algae while wearing a hip quirky t-shirt it's like "hmm, yeah, seems like you guys might be trying to compensate here"
Totally agree. Industry has done a terrible job explaining how they operate and what role regulation plays in thier operations.
I can only speak for Canada but would it surprise you to know that the average oil and gas project is subject to thousands of regulations? Before applying for a license they are heavily vetted for thier location and environmental impacts including assessments of soils, vegetation, wildlife, wetlands, hydrology, First Nations, historical resources, air modelling, noise, greenhouse gas and community effects. Once approved they are audited regularly and must provide a bond in case they become insolvent to ensure thier reclamation liability is covered. They are held liable for life for any releases of product or contamination no matter the cause or if it's an accident. This all typically adds up to about 5% of the total costs for an average project.
That being said of course there are bad actors. The regulator I work with recently had to pull the operating liscence for a company because they continually ignored these regulations.