Russian Arctic Offshore Hydrocarbon Exploration: Investment Risks

Publication - 17 April, 2012
In their “Russian Arctic Off-shore Hydrocarbon: Investments Risks” report Greenpeace-Russia’s experts analyzed Russia’s current oil production practices, their environmental impacts as well as technologies and operational approaches Russian oil companies apply.

The Report’s conclusions are like a verdict – the damage that could be caused to the Arctic ecosystems by any considerable oil spill there, and, correspondingly, the financial losses related to the clean-up of the spill and mitigation of its impact, will by many times exceed any potential profit from the development of Arctic off-shore oil fields.

Russian Arctic Offshore Hydrocarbon exploration: investment risks