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By letter dated 26 January 2016 the Legal Affairs Committee requested the Policy Department for Citizens’ Rights and Constitutional Affairs to commission a research project looking into the way Directive 2004/35/CE of the European Parliament and of the Council of 21 April 2004 on environmental liability with regard to the prevention and remedying of environmental damage (ELD) is applied in the Member States with a view to putting forward conclusions and recommendations for future policy steps.

Accidents occurring offshore in relation to the Oil and Gas (O&G) industry may produce significant damaging effects on the marine environment, and particularly on the fishing and aquaculture industries. The economic cost of the impact that major offshore accidents have on fisheries is most frequently assessed with the Social Cost method, accepted by the current international compensation framework. The cost of the impact of minor incidents is evaluated by the Compensation mechanism, and therefore ...