Oil companies will have to update data to continue some operations.
The Obama administration released new guidance that environmental reviews will come under increased scrutiny. The new policy will be put in place as soon as a full review of the new guidelines is completed.
The action comes after it was learned that BP had been given an exemption based upon decades old data. The new requirements will be required on all underwater drilling operations. It is reasonable to expect the policy will be applied in all cases where exemptions are currently allowed.
The new requirements will necessarily add time to the review process.
The Obama administration released new guidance that environmental reviews will come under increased scrutiny. The new policy will be put in place as soon as a full review of the new guidelines is completed.
The action comes after it was learned that BP had been given an exemption based upon decades old data. The new requirements will be required on all underwater drilling operations. It is reasonable to expect the policy will be applied in all cases where exemptions are currently allowed.
The new requirements will necessarily add time to the review process.


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