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Scholars Journal of Economics, Business and Management | Volume-2 | Issue-06
Transportation of Oil and Gas by Sea: Maritime Salvage, SCOPIC and the Vexed Issue of Environmental Salvage Regime
Ifeanyichukwu Emmanuel Igwe
Published: June 30, 2015 | 94 59
DOI: 10.36347/sjebm.2015.v02i06.006
Pages: 611-623
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Abstract
Societies at all times loathe damage to the environment and in modern times have adopted a zero tolerance for environmental pollution. In doing this governments have adopted a pollution response and liability mechanism controlled by public international law on one hand. There is also the private sector mechanism of minimizing damage to the environment regulated by Salvage. There is a distinction between salvage dimension to preventing and minimizing environmental damage or pollution and on the other hand, pollution response. Salvage has undergone a metamorphosis to its present SCOPIC stage in the effort of minimizing pollution damage. This article explores the process of this journey, SCOPIC challenges and the sustainability or otherwise vis – sa- vis the recent calls for a distinct environmental salvage regime.