Six More European Financial Institutions Oppose Norway's Arctic Oil Drilling Plans
By
Irina Slav
1h ago· 2 min readenNews
Summary
Six additional European financial institutions — including Swedbank Robur Fonder AB, Sarasin & Partners LLP, French pension fund Ircantec, British West Yorkshire Pension Fund, Irish KBI Global Investors, and Swedish Länsförsäkringar AB — have joined a dozen other investors in opposing Norway's plans to expand Arctic oil drilling. The opponents argue that energy transition and environmental protection should take priority over new fossil fuel development aimed at boosting Europe's supply security.
Source
bskySix More European Financial Institutions Oppose Norway's Arctic Oil Drilling Plansoilprice.comKey quotes
· 2 pulledAccording to the opponents, energy transition efforts should take priority.
They join a dozen other financial institutions, most of them from Scandinavia, which earlier voiced opposition.
Six additional European financial institutions have joined opposition to Norway's efforts to expand Arctic oil drilling, arguing that environmental protection and the energy transition should take precedence over new fossil fuel development.
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