Can you please elaborate on how an oil company will profit by spilling a bunch of oil? Oil companies make more profits when they spill less oil, and instead turn that oil into refined gasoline which they then sell to folks with cars, and other motorized equipment.
What country owns the arctic? Do we really want to get into a land dispute with Russia, Norway, or Canada? Is it even likely there is any oil in the arctic? If there was, it seems logical that there would already be companies down there drilling.
And besides, if there is any pollution to private property, there is the legal system. You can sue them for damages. That is how it should work. Any regulations will only protect the "Sociopathic Corporations" you detest from the greatest check on evil businesses: competition.
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