October 12, 2010 / 4:32 PM / 9 years ago

EU softens stance on oil drilling moratorium

BRUSSELS, Oct 12 (Reuters) - The European Commission has softened its call for a moratorium on oil drilling in deep water, an EU document showed on Tuesday.

The call came in response to BP’s (BP.L) accident in the Gulf of Mexico.

“While any decision to suspend offshore drilling operations is left to the discretion of member states, the Commission reiterates its call upon the member states to rigorously apply a precautionary approach in the licensing of new complex oil or gas exploration operations...until the European offshore safety regimes have been assessed in light of the Deepwater Horizon accident,” said a final version of the plan, seen by Reuters.

Meanwhile, EU countries should “examine whether a suspension of such licensing is needed”, the document added. (Reporting by Pete Harrison)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below