Green clearance for onshore and offshore oil and gas exploration
The Environment Ministry has exempted oil and gas firms, looking to conduct exploratory drilling, from seeking an environmental clearance (both on-shore and offshore drilling explorations)
From Prelims Point of View:
Environment impact assessment (EIA):
- Environmental Impact Assessment (EIA) is a process of evaluating the likely environmental impacts of a proposed project or development, taking into account inter-related socio-economic, cultural and human-health impacts, both beneficial and adverse.
Oil and Natural Gas Corporation (ONGC):
- Indian Multinational Crude Oil and Gas Corporation
- It is the largest oil and gas exploration and production company in the country.
- It produces around 70% of India’s crude oil (equivalent to around 57% of the country’s total demand) and around 84% of its natural gas
- Maharatna status