FT Energy Source

Arctic drilling: should oil and gas reserves remain untapped?

With the Arctic warming, melting sea ice is opening routes to untapped petroleum and gas reserves. Nations within the Arctic Circle are making claims on those reserves by establishing exclusive economic zones, while others are investing billions to get a piece of the pie. The FT’s Myles McCormick explains the economic and environmental risks that come with exploiting this final frontier.

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FT Channels, a partnership destination that combines impactful and enriching multimedia content to spark curiosity and encourage discovery. Each vertical brings expert insights from the Financial Times and our Partners into the most pressing issues of our time.


Energy Source is FT's trusted destination on essential news, forward-thinking analysis and insider intelligence around the world's most indispensable business. The channel combines independent reporting by FT journalists with expert insights from global electricity group Iberdrola.