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UK opposes Arctic drilling ban, to update policy this year

2013-01-15 01:02:00| Climate Ark Climate Change & Global Warming Newsfeed

IPS: LONDON (Reuters) - Britain opposes a stop to oil and gas drilling in the Arctic, the government said in a report on Tuesday, dismissing a parliamentary committee call to impose an exploration ban in the environmentally fragile region. The Arctic holds 30 percent of the world's undiscovered gas and 13 percent of its untapped oil, experts estimate, but exploration there is risky and costly, and any spills would severely threaten the environment. Members of the Arctic Council including Norway,...

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