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Title : The EU Does Not Want Russia To Develop Its Oil, Coal And Gas Resources In The Arctic
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The EU Does Not Want Russia To Develop Its Oil, Coal And Gas Resources In The Arctic

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CNBC: After the gas crisis, the Arctic could be Russia and Europe’s next flashpoint 

* On Wednesday, the European Union put forward proposals that could see it trying to ban any tapping of new oil, coal and gas deposits in the Arctic. 

* The EU says it wants to protect the region from further disruptive climate change. 

* But countries like Russia derive economic wealth from the region’s hydrocarbons and other natural resources. 

A new cold front could open up in the political tension between the European Union and Russia over energy. This time in the Arctic. 

On Wednesday, the EU put forward proposals that could see it pushing to ban the tapping of new oil, coal and gas deposits in the Arctic in an effort, it said, to protect the region from further disruptive climate change. 

Russia, a major holder of Arctic territory where an abundance of its hydrocarbon and fish stocks are found, is not too pleased with the proposals with Russia’s Deputy Prime Minister Alexander Novak telling CNBC Thursday that they were politically-motivated and nonsensical.  

Read more ....  

WNU Editor: In the middle of a serious energy crisis the EU now wants to make it worse. The disconnect between the EU elites and the general population has always been jaw-dropping to me.

More News On The EU Not Wanting Russia To Develop Its Oil, Coal And Gas Resources In The Arctic  

EU aims for greater Arctic role and calls for oil, coal and gas to stay in the ground -- The Guardian  

EU to seek ban on oil and gas exploration in the Arctic -- Reuters  

EU calls for ban on Arctic oil and gas drilling -- EU Observer

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