Local Content and Sustainable Development in Global Energy Markets

'A thorough analysis of local content. A go-to reference book. Having a robust local content policy is one tool to avoid the resource curse. But to succeed it must be carefully tailored to the circumstances of the country and must gradually evolve as local vendors, services, and employee capabilities are enhanced. 'Local' content is necessarily just that - local, not truly national and certainly not global, but this book, while covering the globe, recognizes the need to tailor local content to local circumstances. Every host government and investor can benefit from the many wisdoms imparted in this book and from about the local-content experiences of various countries.' Professor Barry Barton, Professor of Law and Director of the Centre for Environmental, Resources and Energy Law at the University of Waikato, Hamilton, New Zealand 'There is a growing body of literature on local content requirements. No doubt because of the speed and importance of various developments in this area. This book provides a detailed and comprehensive account of local content policies and their interaction with sustainable development trends in energy markets. It provides an overview of the current state of play around the world and discusses future developments in great detail. The book is clearly essential reading for students in energy law, policy makers and international energy law practitioners. More generally, it should be read by those interested in direction of global energy markets.' Professor Kim Talus, McCulloch Chair in Energy Law and Director of Tulane Center for Energy Law (Tulane University, United States); Professor of European Economic and Energy Law, UEF Law School; Professor of Energy Law, University of Helsinki, Finland 'This book offers an excellent exposition and comparative analysis of local content requirements in the energy sector, as well as highlights the often-neglected issues for sustainable development, such as gender injustice, social exclusion, transparency, corruption, accountability, corporate social responsibility, environmental justice, climate change, human rights, and participatory development. It also appropriately considers the impact of current geopolitics and international treaty obligations and offers constructive recommendations for designing, applying and implementing local content requirements. For the African Legal Support Facility, whose mandate includes ensuring balanced negotiations and contracts between its regional member countries and investors in the energy, extractives and infrastructure sectors, the issues and recommendations discussed in this volume are relevant for advising on appropriate legal and regulatory frameworks, building capacity, and negotiating contracts that will ensure sustainable development.' Stephen Karangizi, Director and Chief Executive Officer, African Legal Support Facility, African Development Bank 'Olawuyi has brought together an impressive number of renowned specialists to discuss local content experiences in light of international treaty obligations on trade, investment, business and human rights. This much needed innovative approach provides solid understanding of several legal and fiscal regimes as well as valuable insights on how to design sustainable, transparent and effective local content requirements in global energy markets. This is an important book for policymakers, scholars, stakeholders, lawyers and any interested observer.' Andre Giserman, Deputy Superintendent of Local Content, Brazilian National Agency of Petroleum, Natural Gas and Biofuels 'Olawuyi's germinal scholarly work in creating the conceptual apparatus for, editing, and integrating the various chapters of this book, more or less closes a yawning gap in the literature by tackling an extremely important topic that lies close to the heart of the longstanding effort of resource-rich countries to benefit much more than has generally been the case from their natural resource endowments. The book sparkles with disciplinary cross-fertilization, creativity and insight in putting into a highly productive conversation, several bodies of knowledge and policymaking that are all-too-often incorrectly viewed and treated as isolated and disparate. In the result, he has produced a work of scholarship that will be just as useful to human rights, environmental, indigenous rights, and sustainable development scholars and practitioners as it will be to their counterparts who focus more closely on fields such as energy, trade, investment, or corporate law and policy.' Professor Obiora Chinedu Okafor, United Nations Independent Expert on Human Rights and International Solidarity and York Research Chair in International and Transnational Legal Studies, Osgoode Hall Law School, Canada