The environmental impact assessment, created in 1969 and made law in 1970, is one of the most practical methods of assessment of environmental management tools in the world. It assesses the proposed projects’ impacts on the environment and arbitrates whether the benefits of the project outweigh the harm of the environment and the local people. It looks at whether the impacts are beneficial or detrimental, naturally reversible or irreversible, repairable with management practices or irrepairable, short term or long term impacts, temporary of continuous, local/regional/national or global, accidental or planned impacts, direct or primary and indirect or secondary, and finally cumulative or single impacts. The EIA takes into account many aspects of potential impacts of the project, however, without proper practice and application of this tool, many misguided agreements may occur and cause more harm than good to the …show more content…
There will be no potential accidents such as oil leaks that can be incredibly detrimental for the people and the wildlife of the area. An outcome that would have been even more beneficial would be the realization of devastating environmental impacts of projects by other companies who are also trying to implement plans for oil transport and extraction in other areas throughout the