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Energy

EU to push for an end to exploitation of Arctic gas, oil and coal

Move highlights dilemma over decarbonization push amid energy shortfalls

A gas processing facility, operated by Gazprom, at Bovanenkovo gas field on the Arctic Yamal peninsula. A draft strategy shows the European Union is to push for an end to the exploitation of Arctic gas, oil and coal. (Source photos by AP and Reuters) 

LONDON/BRUSSELS -- The European Union is to push for an end to the exploitation of Arctic gas, oil and coal even as energy shortages rock countries and companies across the world, according to a draft new bloc strategy for the polar region.

Brussels plans talks with partners over a possible multilateral ban on the development and purchase of hydrocarbon reserves from the Arctic, which is at the center of a growing geopolitical power struggle.

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