OIL'S NOT WELL IN LATIN AMERICA: CURING THE SHORTCOMINGS OF THE CURRENT INTERNATIONAL ENVIRONMENTAL LAW REGIME IN DEALING WITH INDUSTRIAL OIL POLLUTION IN LATIN AMERICA THROUGH CODES OF CONDUCT

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Although international environmental law has made some inroads in identifying global environmental problems, it has mostly proved ineffective at adequately addressing them. The absence of a governing body to monitor and control the relationships between MNCs and host countries also permits MNCs to operate with virtual impunity. This note examines the shortcomings of the present environmental regulatory system and suggests as an alternative, voluntary codes of conduct.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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