The Position of Environmental Obligations in International Investment Law with an Emphasis on Investment in the Oil Field

Abstract

International environmental law and international law of investment in goals are conflicting in that the investor's goal is individual interest and the environmental goal is collective interest, while in practice and implementation are closely related and in an implementation environment And play a key role in today's human society. Therefore, economic investments by companies in different countries require legislation and sometimes restrictive laws. One of these methods is the application of environmental laws, which are often ignored in corporate and oil investments aimed at attracting foreign investment. Thus, this research uses a descriptive-analytical method to investigate the issue of environmental commitments in investments. Research shows that oil investors often overlook environmental commitments, and governments in developing countries show flexibility to attract more investors due to financial constraints and economic weakness, one of which is one of their areas of flexibility is environmental law. Given the current environmental crises, however, governments must minimize violations of environmental obligations by enacting and enforcing strict and restrictive laws and regulations.

Keywords

• environmental obligations
• investment rights
• oil investment
• environmental pollution