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Norwegian government study raises investment risk fears over Arctic drilling
2013-08-09 11:16:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The development of oil and gas fields in the Arctic is unlikely to prove compatible with global efforts to tackle climate change, according to the latest major report to raise concerns over the formation of a 'carbon bubble'. The study, commissioned by the Norwegian Ministry of the Environment and undertaken by consultancy Rystad Energy, assessed the risk of the country's oil and gas industry being left with stranded assets as governments attempt to meet the global goal of restricting average...
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Category:Electronics and Electrical