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Norway awards new Arctic oil licences days after drilling pledge

2016-05-16 21:18:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: The US and five Nordic states will take a precautionary approach to oil and gas drilling in the Arctic, they agreed on Friday. A joint statement emphasised their commitment to international climate goals, which analysts warn are incompatible with costly Arctic exploration. Following a similar commitment by Canada in April, it leaves Russia as the only Arctic nation not signed up to science-based standards. Governments agreed in Paris last December to hold global warming well below 2C....

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