More than 70,000 cubic meters of industrial waste in Russia’s Arctic zones could be processed into fuel.
The major Canadian bank Royal Bank of Canada is refusing to finance the US oil and gas production project in the largest US Arctic protected area.
Environmentalists are threatening to take Nornickel to court unless it voluntarily pays compensation for environmental damage.
Several European financial institutions want to financially support Novatek’s huge natural gas project, while in the same area the permafrost soil shows massive melting.
After pausing for years, Shell wants to resume its activities in the Arctic, provided that partners can be found for the ventures.
The Arctic never has experienced an industrial expansion of this magnitude. The Gulf of Ob has become the core of the natural gas and oil industry.