EU reviews its strategy in the arctic
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.