In August an arbitration award was issued in the case of the ship Arctic Sunrise, involving protests by ecologists on the Pechora Sea defending the Arctic environment. The ship was seized and 30 protesters were arrested by Russian authorities.
The proposed amendment to Poland’s environmental impact assessment regulations contains not just procedural changes. It also goes directly to the nature of environmental impact assessments and the contents of EIA reports.
This year’s amendment of the Waste Act is forcing changes in the scheduling of incinerator projects. Target load start-up tests must be postponed until after the integrated permit is issued. This may give rise to claims by contractors for prolonging the project completion period because of a change in the law.
The act of planning and preparation for a venture cannot be regarded as an “activity” causing an imminent threat of environmental damage.
Selection of the structure for transactions typically depends on business conditions and tax considerations, but findings made in environmental due diligence are also beginning to play a greater role.
Water covers about 71% of the planet, but only some 5% of water resources (excluding seawater) are privately controlled. The water market is valued at some USD 800 billion per year and attracts increasing commercial interest.