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The financial aspects of offshore decommissioning and Brazilian regulatory system in the light of the transnational legal order

2022; Oxford University Press; Volume: 15; Issue: 6 Linguagem: Inglês

10.1093/jwelb/jwac021

1754-9965

Luciana Palmeira Braga, Hélder Queiroz Pinto,

International Environmental Law and Policies

Abstract This article discusses the financial aspects of offshore decommissioning, highlighting the regulatory challenges to balance public interest protection and investment attraction. The Brazilian regulatory system for offshore decommissioning is chosen to exemplify how Brazil is tackling these issues. To detail this system, this article adopts the Transnational Legal Order approach, by Halliday and Shaffer, which offers an integrated view of the regulatory system, detailing it in three categories of rules: national, international and transnational.