This paper suggests a set of indicators to evaluate and predict the environmental performance of companies proposing to drill for oil or gas in the U.S. Arctic and recommends mechanisms for improving public access to, and intra- and inter-agency sharing of, information from companies engaged in offshore drilling. We use the term “performance indicator” to refer to an observable metric that correlates with an aspect of an operator’s performance that is either too difficult to measure directly, or too broad to be reduced to a single, precisely quantifiable metric. Performance indicators can be used to compare an operator’s performance in a particular year against its performance in previous years or against average industry performance.
Oil, Gas, and Mineral Law
Wendy B. Jacobs & Aladdine D. Joroff,
Proposed Indicators to Measure the Environmental Responsibiity of Oil and Gas Companies and Regulatory Reforms to Improve Access to Information about Offshore Drilling,
Wash. J. Envtl. L. & Pol'y
Available at: https://digitalcommons.law.uw.edu/wjelp/vol5/iss1/8