For his geography homework, my son recently had to read up on the 1989 Exxon Valdez oil spill. As a shipping journalist, I had extra knowledge to offer him: While the incident was an environmental catastrophe, the legislative response helped reshape tanker shipping. Over time, the phase-out of single-hull tankers eventually made such disastrous spills a comparatively rare occurrence.
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Hard to go green, but even dirty tankers must be incentivised to do it
The idea of providing green finance to tankers seems absurd, but if oil is going to flow, there should be incentives to move it in the cleanest way possible
19 May 2021 10:24 GMT
Updated
19 May 2021 10:24 GMT
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