Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
EU floats ban on Arctic fossil fuel exploitation
by AFP Staff Writers
Brussels (AFP) Oct 13, 2021

The European Union said Wednesday it would seek an international agreement to ban the exploitation of gas, coal and oil in the Arctic, weeks before a major UN climate conference.

The Arctic is thought to be hugely rich in resources, with major players including Russia, Canada and the United States vying for control.

But climate warming driven by humanity's exploitation of fossil fuels is already severely affecting the region, with higher temperatures melting vast areas of ice in recent decades.

Dozens of world leaders are due to meet next month for the COP26 climate summit in the UK, where they face huge pressure to agree meaningful action.

"Coal, gas and oil must remain underground in this region," the EU's environment commissioner Virginijus Sinkevicius told journalists.

The Commission wants to explore a legal obligation to halt exploitation of reserves in the region and a ban on the sale of such products, he said.

EU foreign policy chief Josep Borrell said global warming, increased competition and geopolitical rivalries were all contributing to rapid changes in the Arctic.

"These developments show that Europe must define its geopolitical interests broadly to promote stability, safety and peaceful cooperation in the Arctic," he said.

Sinkevicius said the bloc would seek to build on a partial ban already in place in parts of the US, Canada and Greenland.

However, the EU currently imports substantial amounts of Arctic oil and gas, including 87 percent of the liquefied natural gas produced in the Russian Arctic, according to EU figures.

And the bloc may face a tough task to persuade Russia to join any moratorium as Moscow has made exploration of the Arctic a central plank in its energy strategy.

"The Arctic region has enormous potential," Russian Deputy Prime Minister Alexander Novak said last month.

"In terms of resources, we're talking about 15 billion tonnes of oil and 100 trillion cubic metres of gas. Enough for tens if not hundreds of years."


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
US Coast Guard probes anchor strike over California oil spill: report
Los Angeles (AFP) Oct 5, 2021
The US Coast Guard is investigating a possible anchor strike as the cause of a broken pipeline that has spewed tens of thousands of gallons of crude oil into the sea off California, media reported Tuesday. Emergency responders say up to 131,000 gallons of thick, sticky fuel have fouled waters that are home to seals, dolphins and whales since a pipeline ruptured at the weekend. A 15-mile (24-kilometer) stretch of coastline has been closed to the public, and fishing has been halted as crews scramb ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Biofilters designed for space convert liquid manure into high-quality fertilisers

Crucial step identified in the conversion of biomass to methane

S-92 helicopter completes first flight using biofuel

Researchers want to breed a sorghum variety that captures more carbon

OIL AND GAS
Iraq, UAE sign deal on 5 solar electricity plants

Sandia-developed solar cell technology reaches space

New imaging system reveals solar panel defects even in bright sunlight

Solar cells with 30-year lifetimes for power-generating windows

OIL AND GAS
US unveils plans for seven major offshore wind farms

From oil to renewables, winds of change blow on Scottish islands

Large wind farms cause different effects for local and regional climates

How do wind turbines respond to winds, ground motion during earthquakes?

OIL AND GAS
EDF offers to build up to 6 nuclear reactors in Poland

UK seeks to oust China from Sizewell nuclear plant: FT

Potential Deployment of BWRX-300 Small Modular Reactors in Poland

Augmented reality for testing nuclear components

OIL AND GAS
Physics Nobel: deciphering climate disorder to better predict it

COP26 president denies UK rift over climate

Vanessa Nakate's hope giving voice to climate vulnerable

Space for climate: raising awareness ahead of COP26

OIL AND GAS
Auto sector shifts gear towards recycling parts, batteries

Lebanon's car culture questioned in crisis

Volvo sets IPO for Oct 28, valuing it up to $23 bn

Volvo Cars announces IPO to raise nearly $2.9 billion

OIL AND GAS
In Iraq vote, big blocs lurk behind 'independents'

Paramilitaries fear Iraq vote plans disenfranchise fighters

Youth in Iraq protest hub vow to boycott 'rigged' polls

Iraqis to elect new parliament amid deep crisis, apathy

OIL AND GAS
Echoing Israel, US hints at force if Iran diplomacy fails

US reveals nuclear bomb numbers after Trump blackout

N. Korea pursues weapons despite Covid blockade: UN report

US hopes to restart Iran talks but cites 'alarming' nuclear progress









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.