As China and Iceland signed last week a treaty on arctic oil and as a small spill declared in Russia, I thought it was appropriate to write about a previous article from Climate Progress on the risks of such practices.
As Kiley Kroh noted there: ” Analysts at one of the world’s largest insurance markets are warning that offshore drilling in the Arctic would “constitute a unique and hard-to-manage risk ”
“Lloyd’s of London, a large UK-based insurance pool, issued a report today outlining the severe environmental and economic risk of oil and gas drilling in Arctic waters.”
