ERAFP, with three other investors, leads an investment group of 19 investors in a statement relating to oil and gas exploration in the Arctic. This statement was directed to oil and gas companies that have been involved in oil exploration in the Arctic, as well as Arctic Council members. It was an urgent call to protect the Arctic from future oil exploration activities and align national climate change pledges with the future of the region, which hosts significant hydrocarbon resources.
This statement is a part of ERAFP's involvement in an engagement platform related to offshore oil drilling in the Arctic specifically targeting 6 companies with exploration licenses in offshore Arctic waters.