EU Drops Arctic Oil Moratorium to Secure Norwegian Supply
5 Articles
5 Articles
The EU's New Arctic Strategy focuses on the extraction of raw materials and paves the way for others to extract oil and gas
EU Drops Arctic Oil Moratorium to Secure Norwegian Supply
The European Union has removed its demand for an international moratorium on new oil and gas exploration in the Arctic, signaling a strategic retreat from its 2021 mandate to keep polar hydrocarbons "in the ground." According to Bloomberg, the revised regional development strategy eliminates the clause calling for a legal prohibition on the development of the region's hydrocarbon reserves. The Norway Constraint and Supply Security This policy sh…
In a decade, the Arctic has gone from being associated with climate change to an arena for the great powers' struggle for security, natural resources and influence. This is reflected in the EU's new Arctic strategy, which was presented on Tuesday. A Swedish lecturer sees a sneak peek in the Union's view on oil extraction.
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