EU reviews its strategy in the arctic

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The European Union wants to take advantage of energy and shipping opportunities in the arctic but in a way that is environmentally sound, a commissioner said. Neighborhood Policy Commissioner Stefan Fule said the European Union was ready to work with arctic countries as it bids for observer status in the Arctic Council, an intergovernmental panel focused on the region. “We want to work with our arctic partners and with the private sector to develop environmentally-friendly, low-risk technologies that could be used by the extractive industries and the shipping industry,” UPI quoted Fule as saying at the European Parliament. A US report says changes in arctic sea ice cover is sparking interest of offshore developers looking at unexplored reserves of oil and natural gas. A reduction in sea ice brought on by warmer temperature trends has opened new shipping lanes as well. Fule said that, whatever happens in the arctic, interested parties need to keep the environment in mind.

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