Brussels Principles for Extractive Industries

04 February 2010 | Audio

CEESP SEAPRISE members Rick Steiner and Richard Cellarius promote a new paradigm for Oil & Gas Development at the European Conference on Extractive Industries, Oct. 13th, 2009.

The Brussels Principles: A New Paradigm for Oil and Gas Development

1.      Avoid/Limit Hydrocarbon Development to Maximum Extent Possible
2.      Prior Informed Consent of Local/Indigenous People
3.      Environmental Planning/Monitoring (SEA, EIS)
4.      Value Ecosystem and Social Systems Adequately for Risk/Benefit Calculation
5.      Avoid ecologically/culturally sensitive areas – “No-Go-Areas” (IUCN Category I – IV)
6.      Minimize Ecological/Cultural Footprint:
a)      Best Available Technology (BAT) /
b)      Risk Reduction to As Low As Possible (ALAP, not ALARP)
7.      Minimize Emissions – air (gas flaring), water (drilling fluids, ballast water), and land
8.      Minimize Energy Use
9.      Industry Purchase of Biodiversity Offsets
10.  Oil Spill Prevention and Response – BAT
11.  Government/Industry Transparency (FOIA, PWYP, EITI)
12.  Effective Government Regulatory Oversight
13.  Public Engagement – Citizens’ Advisory Councils
14.  Protection of Human Rights – guidelines for security forces
15.  Public Revenue – Fair, Transparent (maximize take + spend wisely + savings fund)
16.  Maximize Benefit to Local Economy – jobs, revenue sharing, etc.
17.  Sufficient Financial Liability (unlimited for gross negligence)
18.  Restore All Damage as Much as Possible
19.  Establish and Pre-finance Project Closure Protocols
20.  Policy Reform – transfer subsidies, impose Carbon tax, and invest $3 trillion/year in sustainable energy future

For a full copy of the Report click on the link to the right.