Global Governance of Oil and Gas Resources in the International Legal Perspective. Joanna Osiejewicz

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Global Governance of Oil and Gas Resources in the International Legal Perspective - Joanna Osiejewicz Studies in Politics, Security and Society

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including oil and gas, requires establishing rules for the promotion of the use of natural resources in order to improve public welfare, as well as to strengthen public institutions such as the judiciary and public authorities in order to enforce these rules. In most cases, it also requires political will, so that possession of resources located in the subsoil will bring tangible benefits to the citizens. Attention is also paid to the importance of sustainable development in the governance of the oil and gas sector, understood as a concept aimed at unifying a number of seemingly competitive goals, such as providing better living conditions and greater opportunities for people, especially those living in poverty, and adapting production and consumption to the framework that can be tolerated by ecosystems in the long term. The institutional architecture of global governance in the oil and gas sector is also discussed and specific legal challenges are identified.

      

      The analysis of the content of the principle of permanent sovereignty over natural resources and the rights and obligations resulting from it, as well as the nature and character of global governance in the oil and gas sector, finding a normative source in this principle, has identified a complex of sectoral regulatory regimes governing oil and gas resources. The conclusions formulated in the first three chapters are developed in the fourth chapter, which includes the presentation of a complex of heterarchic regimes for global governance in oil and gas resources. It consists in particular of: trade; investment protection; resources in maritime areas; transparency and accountability of the oil and gas sector; and protection of local communities. Each of these regimes presents further, more detailed differentiations. However, it is clearly indicated that the boundaries of these regimes are not definite, and their differentiation cannot be determined categorically.

      The summary of the work has been used to verify the research hypothesis and present the results obtained and the conclusions drawn.

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