Oil and gas firms are planning to ramp up their fossil-fuel extraction in the Arctic by more than 20 per cent over the next five years, partly thanks to the financial support they receive from the banking sector, according to a new report by Reclaim Finance.
France's Total is listed as the leading European energy firm when it comes to oil and gas expansion in the fragile polar region - with its production expected to increase by 28 percent over the next decade.
But the Russian en...
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Elena is EUobserver's editor-in-chief. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.