Norway Offers New Arctic Leases, Stoking Polar Energy Rush

ENVISION

A Russian oil rig sits in the Barents Sea, where Norway has just opened more leases for its own energy exploration. PHOTOGRAPH BY DMITRY KOROTAYEV, KOMMERSANT PHOTO/GETTY A Russian oil rig sits in the Barents Sea, where Norway has just opened more leases for its own energy exploration.
PHOTOGRAPH BY DMITRY KOROTAYEV, KOMMERSANT PHOTO/GETTY

By Christina Nunez

National Geographic

Despite sinking oil prices, Norway this week signaled its commitment to drilling for Arctic oil by offering new leases in the region for the first time since 1994.

The Norwegian move came as President Barack Obama issued an executive order setting up new oversight of U.S. Arctic activity, including energy exploration. And it follows Denmark’s claim last month to oil and gas beneath the North Pole.

Russia, meanwhile, is beefing up its forces in the region this year. It’s all part of a rush to stake out boundary lines as the ice melts in an area that holds 13 percent of the world’s undiscovered oil and 30 percent of its undiscovered natural gas—the vast majority of which is…

View original post 570 more words

Advertisements
About

Take care at our planet, go Green.

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The Hillbilly African

Minimalism, Eco-friendliness, Motherhood, Life

simple Ula

I want to be rich. Rich in love, rich in health, rich in laughter, rich in adventure and rich in knowledge. You?

Stay Sustainable 🌎

A blog dedicated to sustainability and the protection of our planet.

Getaway Outdoor Adventures

Treat your family a great Adventures they never forget!

The Next Big 'Zing'

Forecasting the Road to Alternative Energy

Messy Bun and Coffee

By Krystel Ocampo

stevegoesgreen

Time to switch to environmentally friendly cars!

Naturally LivEco

Living The Eco Way...

Monkey In The Middle

Stay tuned and stay involved

Witchery & Whiskers

A little slice of magic

HumanKind

Everybody is Different Everybody is Human

%d bloggers like this: