Norwegian energy provider Statoil and Russia's Rosneft have signed a declaration on Russian Arctic environmental protection.
President and Chairman of the Management Board of Rosneft Igor Sechin and President and CEO of Statoil Helge Lund today signed a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic Continental Shelf.
Acknowledging that the Arctic environment consists of ecosystems with unique features and resources, and as such, require special protective measures, Rosneft has taken the initiative for a declaration on environmental protection in the Arctic to be signed with its partners.
Aiming to continuously improve their technology and operational procedures for exploration and development in the Arctic, Rosneft and Statoil reaffirmed their commitment to sustainable development, including minimizing the impact of oil and gas activities on indigenous populations and climate change.
The Parties will seek to coordinate activities in order to preserve the biodiversity of the Arctic, including observing the principles and recommendations of the Convention on biological diversity and the standards set by IPIECA, the global oil and gas industry association for environmental and social issues.
The Declaration also supports regular monitoring of changes to the natural landscape and seas of the Arctic, as well as international cooperation as part of the Arctic Environmental Protection Strategy (AEPS).