• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 9 days Does Toyota Know Something That We Don’t?
  • 3 days America should go after China but it should be done in a wise way.
  • 9 days World could get rid of Putin and Russia but nobody is bold enough
  • 11 days China is using Chinese Names of Cities on their Border with Russia.
  • 7 hours Even Shell Agrees with Climate Change!
  • 11 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 12 days Putin and Xi Bet on the Global South
  • 12 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 12 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
Supply Chain Woes Could Derail Biden’s Electric Vehicle Agenda

Supply Chain Woes Could Derail Biden’s Electric Vehicle Agenda

The Biden administration's electric vehicle…

Plunging Natural Gas Prices Is Bad News for Drillers

Plunging Natural Gas Prices Is Bad News for Drillers

The once red-hot labor market…

Josh Owens

Josh Owens

Josh Owens is the Content Director at Oilprice.com. An International Relations and Politics graduate from the University of Edinburgh, Josh specialized in Middle East and…

More Info

Premium Content

The IMO Will Ban Heavy Fuel Oil Use In The Arctic

The International Maritime Organization (IMO) approved on Friday a ban on the use of heavy fuel oil for ships in the Arctic, but environmental organizations slammed the new regulation as “riddled with loopholes” that would continue to exonerate some polluters well into the end of 2020s. The Marine Environment Protection Committee (MEPC) of the UN’s organization IMO moved to ban the use of heavy fuel oil (HFO) and its carriage for use by ships in Arctic waters after July 1, 2024. 

The controversy in the new regulation arises from several provisions. One exempts ships with oil fuel tanks inside their double hull, while another gives countries in Arctic waters the right to issue waivers from the HFO ban for vessels flying their respective flags in the Arctic until July 1, 2029.

The Clean Arctic Alliance slammed on Friday the approval of “a ban ridden with loopholes on the use and carriage of heavy fuel oil in the Arctic (HFO), saying that it would leave the Arctic, its Indigenous communities and its wildlife facing the risk of a HFO spill for another decade.” 

Related: Oil Majors Aren’t Worried About A Biden Presidency

“By taking the decision to storm ahead with the approval of this outrageous ban, the IMO and its member states must take collective responsibility for failing to put in place true protection of the Arctic, Indigenous communities and wildlife from the threat of heavy fuel oil”, Dr Sian Prior, Lead Advisor to the Clean Arctic Alliance, said in a statement. 

“It is now crucial that Arctic coastal states do not resort to issuing waivers to their flagged vessels,” Prior added. 

According to a 2020 white paper from the International Council on Clean Transportation (ICCT), HFO use in the Arctic jumped by 75 percent between 2015 and 2019. 

“As newer ships enter the Arctic fleet, especially oil tankers and bulk carriers, more ships will qualify for exemptions. Additionally, if ships reflag to Arctic states, more could qualify for waivers and the effectiveness of the ban would be further eroded,” ICCT said in its paper in September.

By Josh Owens for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Ronald McKinney on November 22 2020 said:
    This needs to be done more quickly than 2024.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News