Japan’s MUFG adds Arctic drilling to its ‘restricted transactions’ list

Japan’s MUFG adds Arctic drilling to its ‘restricted transactions’ list

TOKYO — Mitsubishi UFJ Financial Group said on Wednesday it has put oil sands extraction and drilling for crude oil and gas in the...
As Arctic ice thins and melts, more of it will travel between nations — bringing pollution with it

As Arctic ice thins and melts, more of it will travel...

As Arctic sea ice melts, broken pieces are carried by winds and currents between the ocean territories of the circumpolar nations. Future melt will...
Republican lawmakers urge Trump to stop banks from shunning fossil fuel loans

Republican lawmakers urge Trump to stop banks from shunning fossil fuel...

WASHINGTON — A group of Republican lawmakers from energy-producing states on Friday called on President Donald Trump to prevent banks from halting loans and...
Coronavirus hasn’t slowed growth on Russia’s Northern Sea Route

Coronavirus hasn’t slowed growth on Russia’s Northern Sea Route

The coronavirus has led to a lockdown of society and economy across the north. But on the remote and ice-covered waters of the Northern...
Workers at a coronavirus-hit Novatek Arctic construction site will live on a cruise ship

Workers at a coronavirus-hit Novatek Arctic construction site will live on...

MOSCOW — A cruise ship has arrived in Russia's northwesterly Murmansk region to accommodate healthy staff from a construction site run by the gas...
Alaska’s Arctic oil fields are poised to see a sharp production cut

Alaska’s Arctic oil fields are poised to see a sharp production...

A sharp reduction in North Slope oil production to start later this month is adding to the economic blows endured by the Alaska oil...
ConocoPhillips to sharply cut oil production as low prices hit earnings

ConocoPhillips to sharply cut oil production as low prices hit earnings

U.S. oil and gas company ConocoPhillips said on Thursday it would sharply reduce oil production in coming weeks, aiming to shut in 35 percent...
Alaska senators blast banks for ‘discrimination’ as they halt Arctic oil and gas investments

Alaska senators blast banks for ‘discrimination’ as they halt Arctic oil...

Alaska's U.S. senators are pushing back against banks that have vowed to stop financing new Arctic oil projects, calling such moves discriminatory — and...
Sabetta airport closes as coronavirus spreads across Russia’s Arctic oil and gas fields

Sabetta airport closes as coronavirus spreads across Russia’s Arctic oil and...

Regional health authorities have closed down the airport at Sabetta, a key Russian Arctic hub and the natural gas company Novatek's main lifeline to...
Greenland welcomes US aid, but some lawmakers fear it could bring entanglements

Greenland welcomes US aid, but some lawmakers fear it could bring...

Details of a $12.1 million American aid package to Greenland, announced on Thursday, remain scarce, but the money will be directed toward programs in...