Nordic investors urge EU to maintain Arctic drilling ban
Nordic investors urged the EU to maintain its opposition to Arctic oil drilling. They say new projects cannot solve the energy crisis and risk fragile ecosystems.
Xurve View
Insights:
Xurve View
Twelve financial institutions including Nordea Asset Management urged the European Union on Wednesday morning to maintain its ban on Arctic oil and gas drilling. The request counters pressure from Norway to expand production following energy disruptions from the war in Iran. Investors fear a policy reversal would compromise climate goals without providing immediate relief to surging European gas prices.
