Inherent Tensions between Natural Resources Contracts and Sustainable Development
Article from: OGEL 4 (2007), in Roundup of Articles
Introduction
The drafting interests of both parties to natural resources contracts (i.e. States and private investors) are not necessarily compatible with sustainable development, irrespective of whether the latter is reflected on paper in terms of financial or ecological viability, or others. Indeed, if either of the parties, or both, proclaim serious intentions with regard to sustainability, they must set aside some of their self-interests in order to achieve this objective. In short, sustainability is never a natural consequence of a drafting procedure when it is not from the outset a ...