Improving outcomes for future generations in petroleum licensing regimes–an assessment of the United Kingdom's regime: Part 1–the assessment methodology

Part 1 of this article develops a methodology to assess how offshore petroleum licensing regimes deal with the interests of future generations. Part 2 uses that methodology to assess the regime of the United Kingdom. Part 1 first examines how the idea of intergenerational equity developed in a resources context and why it consists of broad concepts. It next examines leading commentary to extract the important elements of intergenerational equity before converting them into focus areas and questions that provide a structure to examine and compare the functional outcomes of regimes that have an impact on future generations.