The Obligations of States and Companies' in the Field of European Energy Law

Diploma Thesis from the year 2020 in the subject Politics - Region: Western Europe, grade: 2, University of Vienna (Institut für Europarecht, Internationales Recht und Rechtsvergleichung), language: English, abstract: This paper illuminates the relevance of European Union (EU) Energy Law and the responsibilities of States, companies and energy regulators in the EU. This relevance will be mainly in the light of EU regulations and packages, but also international Conventions applying to European actors will be tackled in this paper. First of all, the beginnings of the EU and why energy, especially coal and steel, played such a massive role from the very first start, will be pointed out. Secondly, the legal bases of EU Energy Law in force nowadays will be discussed and explained. Moreover, Energy Law is one of the rare areas where law, economy, politics, and more and more ecological affairs are rearranging the system. Thus, it will be referred to as the growing link between Energy law and Environmental policies and concerns. Last but not least, attention will be drawn to the fact that many European Energy Companies operate outside of the EU for the exploitation of resources and how accountability is triggered on the territory of the European Union in the case of an accident happening outside of Europe. Therefore, the case of the Deepwater Horizon oil spill as the responsible company Beyond Petroleum (BP) is a British multinational business, with headquarters in London, will be briefly examined. To a greater extent, the primary intention of this paper is to generate a broader understanding of EU Energy Law and the necessity to secure and regulate it in order to safeguard our environment in a future of renewable energy sources.