Norway: Arctic reserves are key energy supply

Vast petroleum reserves in the Arctic are a key source of world energy, but development must also protect the fragile cold-weather environment and curb greenhouse gases, Norway’s oil minister said Monday.

“If the U.S. Geological Survey is right, 25 percent of the world’s undiscovered petroleum reserves could be found in the Arctic. Thus, the Arctic region could be part of the solution to the growing energy needs of the world,” said Oil Minister Odd Roger in opening a conference on the northern region.

iht