Financial Times FT.com

EU urges action to exploit Arctic oil and gas

By Tony Barber in Brussels

Published: November 20 2008 15:10 | Last updated: November 20 2008 23:07

European Union policymakers called for a carefully managed international effort to exploit the Arctic’s oil and gas resources and said that its vast untapped reserves could enhance Europe’s energy security.

The European Commission demanded observance of the highest environmental standards and appealed for full protection of the rights of indigenous Arctic people.

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