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Thursday, September 22, 2011

'Arctic Conference to Focus on Opportunities for Oil and Gas Extraction'

from moscowtimes.........

"Prime MinisterVladimir Putinis expected to join oilmen, diplomats and scientists from around the world at Russia's oldest Arctic port for the three-day international arctic forum — which follows an event born last year out of the Russian government's growing enthusiasm for the opportunities presented by a thawing Arctic.

But environmentalists have warned that development must be matched — and preceded by — a careful assessment of environmental impact and a string of lawmaking to ensure that risks are manageable.

To that end they will lobby Putin and other policymakers to introduce a single, internationally binding system of standards to regulate the oil, fishing and shipping industries as the Arctic opens up to development".............READ MORE


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