Arctic Ocean Oil and Gas Exploration and Legal Liability

Organized by the University of Iceland and the University of Akureyri 24. August 2016

Saturday, October 8, 14:30-15:30

Location: Akrafjall, Harpa Fourth Level

Drilling for hydrocarbons in the Arctic carries significant environmental risks. 

Small States such as Iceland or a future independent Greenland that license hazardous activities such as offshore hydrocarbon activities are unlikely to be in a position to make full reparation in the event of a major environmental disaster.  This panel focus on i) how could such states make reparation in such cases in the context with limitations and impact on human rights ii) Design considerations for a liability regime reviewing Canada’s new regime in light of these considerations and iii) Insurance perspective on Arctic Ocean Oil and Gas exploration projects.

Chair:

  • Aðalheiður Jóhannsdóttir, Professor of Law and Head of the Faculty of Law, University of Iceland

Speakers:

  • Rachael Lorna Johnstone, Professor of Law at University of Akureyri: Hazardous Activities, Small States and the Risk of Reparation
  • Nigel Bankes, Professor of Law at the University of Calgary: Design Considerations for a Liability and Financial Assurance Regime: Canada
  • Lára Jóhannsdóttir, Assistant Professor, Environment and Natural Resources. University of Iceland: Insurance perspective on Arctic Ocean Oil and Gas exploration projects