Norway's Arctic Oil Pitch Falls Flat in Brussels
The European Commission is expected to keep its current ban on oil and gas drilling in the Arctic despite months-long campaigning from Norway to lift the moratorium, a spokesperson for the EC has told Euronews. The Commission, the European Union’s legislative arm, is expected to announce a revamped Northern Neighbourhood strategy on October 20. But the new strategy is expected to keep the…
Norway's bid to lift the Arctic oil and gas drilling ban in Brussels has been unsuccessful, according to a European Commission spokesperson. Despite months of campaigning, the EU is set to maintain its moratorium on drilling in Arctic waters when it unveils a revamped Northern Neighbourhood strategy on October 20. Norway, the EU's largest oil and gas producer and the second-biggest gas supplier, has been lobbying for a change.
The moratorium, in place since 2021, was established due to climate commitments and environmental concerns. However, experts argue that the ban is detrimental to European energy security. Despite this, the EU remains steadfast in its position, emphasizing that its approach to the moratorium will remain unchanged.
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