Drilling of Arctic Could Pose Major Ecological Risks, Lloyd’s Report Warns

Yale Environment 360: A new report by Lloyd's of London, the world's largest specialist insurance market, warns that rapid development of Arctic oil resources threatens to cause huge ecological damage without strict oversight and appropriate risk management. The report, Arctic Opening: Opportunity and Risk in the High North, projects that as much as $100 billion ((£63 billion) will be invested in the Arctic region over the next decade as the melting of sea ice opens up vast areas to oil and gas exploration and creates...

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