{"id":57871,"date":"2016-11-07T00:40:00","date_gmt":"2016-11-06T23:40:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/mirova-and-natixis-amas-well-as-17-other-international-investors-seek-an-unlimited-moratorium-on-oil-and-gas-activity-in-the-arctic-high-seas\/"},"modified":"2016-11-07T00:40:00","modified_gmt":"2016-11-06T23:40:00","slug":"mirova-and-natixis-amas-well-as-17-other-international-investors-seek-an-unlimited-moratorium-on-oil-and-gas-activity-in-the-arctic-high-seas","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/mirova-and-natixis-amas-well-as-17-other-international-investors-seek-an-unlimited-moratorium-on-oil-and-gas-activity-in-the-arctic-high-seas\/","title":{"rendered":"Mirova and Natixis AMas well as 17 other international investors seek an unlimited moratorium on oil and gas activity in the Arctic high seas"},"content":{"rendered":"<p><em> <strong>Mirova, Natixis Asset Management and three other investors, including Erafp,<br \/>\nIrcantec and Prefon, lead an investment group in a statement relating to oil and<br \/>\ngas exploration in the Arctic featuring 19 international signatories in total<br \/>\nincluding Actiam, Axa Group, Bank J. Safra-Sarasin, BNP Paribas Investment<br \/>\nPartners, Boston Common, Church of Sweden, Danske Capital, EdenTree, Friends<br \/>\nFiduciary Corporation, Nei Investments, Pax World Mutual Funds, Skandia,<br \/>\nTrillium Asset Management and Zevin Asset Management. The combined assets of<br \/>\nthese investors total over 5 trillion euros.<\/p>\n<p>This statement is directed to oil and gas companies that have been involved in oil<br \/>\nexploration in the Arctic, as well as Arctic Council members. It is an urgent call to<br \/>\nprotect the Arctic from future oil exploration activities and align national climate<br \/>\nchange pledges with the future of the region, which hosts significant hydrocarbon<br \/>\nresources.<\/strong> <\/em><\/p>\n<p>Commenting this initiative, Philippe Zaouati, CEO of Mirova, explains: <em>\u201cWe are very proud<br \/>\nto lead this new statement, which is a strong commitment from international investors.<br \/>\nAlong with other members, we call for coherence with national climate change pledges. On<br \/>\nthe eve of Climate Finance Day in Casablanca, we would like to involve both companies and<br \/>\npolicymakers so as to take the Arctic issue to the next level and seek greater protection for<br \/>\nthe region.\u201d<\/em><\/p>\n<p>The statement will be sent to Arctic Council Members, Permanent Participants and<br \/>\nObservers to the Council to ask for an unlimited moratorium on any oil and gas activity in<br \/>\nthe Arctic high seas, the ultimate Arctic frontier that does not pertain to any single national<br \/>\nsovereignty. In addition, investors ask that the sovereign territories of the Arctic and<br \/>\nCouncil Member States take into account national climate pledges before granting new<br \/>\nlicenses or extending existing ones. States are also asked to apply stricter, common criteria<br \/>\nto ongoing oil and gas activities so as to restrict approval to only those presenting minimal<br \/>\noperational risks and strengthen involvement of indigenous populations in the projectapproval<br \/>\nprocess.<\/p>\n<p>Investors also ask oil and gas companies that may be involved in exploration in the Arctic<br \/>\nto commit to a voluntary moratorium on drilling in Arctic marine waters covered by ice due<br \/>\nto current technological uncertainty in terms of the effectiveness of oil recovery<br \/>\nmechanisms. Furthermore, investors ask that companies avoid exploration in areas<br \/>\nidentified by the Arctic Council as bearing heightened ecological significance, independent of their legal statuses and on the basis of a precautionary business approach. Finally,<br \/>\ninvestors call upon oil companies to publicly disclose their licenses held in the region,<br \/>\nincluding location and expiry date, whether they intend to use or extend these licenses and<br \/>\nhow these plans fit with their broader climate change mitigation commitments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This statement is directed to oil and gas companies that have been involved in oil<br \/>\nexploration in the Arctic, as well as Arctic Council members. <\/p>\n","protected":false},"author":20,"featured_media":57869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1849,1826,1682,1651,2094,2007,1685],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/57871"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=57871"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/57871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/57869"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=57871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=57871"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=57871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}