Create a global authority for Arctic oil and gas

Commentary feature in which writer says: 'Whatever happens with the development of alternative fuels, and however much we economise on using energy, the world will be reliant on oil, gas and coal for decades. The challenge of developing conventional energy sources in an environmentally sustainable way is one of the most critical we face. We therefore need to create an institution imbued with sovereign powers to develop the massive fuel sources in the Arctic Circle. It would be a far-reaching step, but the stakes warrant a special attempt to take it.'

ESO: Background information: Talks aim to avert Arctic oil rush http://www.europeansources.info/record/talks-aim-to-avert-arctic-oil-rush/

The Independent, 25.7.08: Riches in the Arctic: the new oil race http://www.independent.co.uk/environment/nature/riches-in-the-arctic-the-new-oil-race-876816.html

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