UK aims to become hub for Arctic oil exploration

clock •

Foreign Office strategy likely to enrage conservationists while Greenpeace activists are imprisoned in Russia

The government wants the UK to be a global centre of expertise in opening up the Arctic to exploration by oil and gas companies, promoting London as a hub of business services for the burgeoning exploitation...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Study: Only two of 400 global financial firms fully committed to fossil fuel phase out
Risk

Study: Only two of 400 global financial firms fully committed to fossil fuel phase out

World Benchmarking Alliance Study finds just two banks have set robust targets to phase out fossil fuels from their balance sheets and portfolios, despite huge risks attached to oil and gas investments

Michael Holder
Michael Holder
clock 14 May 2026 • 4 min read
Iran War: IEA warns global oil inventories depleting at 'record pace'
Risk

Iran War: IEA warns global oil inventories depleting at 'record pace'

Agency warns continuing blockade of Strait of Hormuz means 'further price volatility appears likely ahead of the peak summer demand period'

James Murray
James Murray
clock 14 May 2026 • 3 min read
Study: UK 'well-placed' to become a world leader in climate adaptation tech
Risk

Study: UK 'well-placed' to become a world leader in climate adaptation tech

Report from LSE and Imperial College London reveals how the UK is fast-emerging as a key player in the growing global market for solutions that can enhance climate resilience

Stuart Stone
Stuart Stone
clock 14 May 2026 • 5 min read