Icy Arctic rising as economic, security hot spot

The icy Arctic is emerging as a global economic hot spot—and one that is becoming a security concern for the U.S. as world powers jockey to tap its vast energy resources and stake out unclaimed territories.

Europe bids to tighten offshore drilling rules

Europe moved Thursday towards agreement on new rules governing offshore oil and gas drilling in response to a major environmental disaster off the United States, but environmentalists criticised the omission of terms covering ...

UK lawmakers seek moratorium on Arctic drilling

(AP)—International governments should seek a moratorium on offshore drilling in the Arctic amid concern an oil spill in the region could cause catastrophic environmental damage, British lawmakers said Thursday.

Study throws cold water on Arctic oil, gas dreams

The Arctic, often presented as the promised land by oil companies, is likely to play only a marginal role in providing for the planet's future energy needs, a Norwegian study claimed Tuesday.

Greenpeace raids Russian Arctic oil platform

Greenpeace activists on Friday scaled the sides of an Arctic oil platform owned by Russian group Gazprom to draw attention to the dangers of drilling in one of the world's last pristine reserves.

Environmentalists warn of risks of Arctic drilling

(AP) — Environmental activists warned Tuesday that drilling for oil in the Russian Arctic could have disastrous consequences because of a lack of technology and infrastructure to deal with a possible spill in a remote ...

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