Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-055"
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"en.20101006.11.3-055"2
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"Madam President, the Gulf of Mexico oil spill was a wake-up call for the oil sector. There is no question about that. We are all keenly aware of that fact, but let us be careful we do not overreact.
I agree when we say that we must have proper compensation for all those, particularly in the fisheries sector, who lose their livelihood because of an oil spill or any accident of this nature which – heaven help us – I hope does not happen in any of our waters.
We must set up either a compensation fund or an insurance fund to which the oil companies themselves would contribute. However, when I hear good colleagues like Mrs Lepage calling for a moratorium on exploratory drilling, I really feel that is going too far. That is an overreaction. We have 20 years, two decades, of experience in deepwater drilling in the North Sea and off the west coast of Scotland – two decades in which we have exported some of the highest level safety technology in the world. We have got more than 315 deepwater wells, i.e. wells over 300 metres deep, while some of them have been up to 1 600 metres deep.
It is early days to look at the analysis of what happened in the Gulf of Mexico, but from the evidence, it already seems that if our technology, which we have been using for two decades in the North Sea, had been used there, we would not have had the oil spill, or it would have been contained much more rapidly.
So do not let us suddenly slam the door on one of the safest and most secure industries that we have in Europe, when this year alone, we have already invested GBP 6 billion in exploratory work in the North Sea and off the coast of Shetland. Do not overreact and send the message worldwide that we in the European Parliament feel that our European industry is no longer safe. This is one of our great export earners."@en1
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