The course of development perpetually requires utilisation of natural resources and as a result, makes an effect on the ecology and environment. The overall development of an economy and in particular the industrial growth of a country necessarily contributes to exploiting the natural wealth. This in turn, more often than not, leads to not only mere economic issues but matters pertaining to the environmental security both at the local and more importantly, at the global level. The industrial development and growth of a country is always dependant on the accessibility of sources of energy. It is an established truth that a machine cannot be run without power so also the industrial activity becomes ineffective unless and until proper infrastructure for transportation of raw materials, finished goods etc., are provided. The previous decade has considered countless significant growths in IEL (International Environmental Law) and its assimilation with the more extensive international legal order (Sands, 1999). The expansion of the conception of sustainable development, during the fine-tuning of a number of principles was conceived as a necessity to its accomplishment and is of particular importance. According to Sands (1995) The responsibility not to cause transboundary environmental harm, the principle of common but differentiated responsibilities, the principle of preventative action and the polluter-pays principle. The substance of these rationales is still developing and their position in international law is often debatable.