Which institutional investors recently joined the call urging the EU to maintain its ban on Arctic drilling, and what is the total assets under management of all signatories?

The six new institutional investors include Swedbank Robur Fonder AB, Sarasin & Partners LLP, and French pension fund Ircantec; according to the statement, their addition brings the total assets under management of all signatories to over €1 trillion.

Why does Norway want the EU to lift its current ban on Arctic oil and gas production, and what recent action has Equinor taken regarding the Wisting oil field?

Norway, a non-EU member and Western Europe’s largest oil and gas producer, wants the EU to remove the current ban on further Arctic oil and gas production, arguing that extensive activities already exist in the Barents Sea; meanwhile, Equinor ASA recently moved to develop the Wisting oil field—the world’s northernmost and only new field currently under consideration in the Barents Sea—though it had postponed the final investment decision in 2022 due to pressure from environmental organizations.

More Investors Add Pressure on EU to Ban Drilling in the Arctic

Jul 5, 2026

Six institutional investors managing over €1 trillion urge the EU to maintain its ban on Arctic oil and gas expansion. This pressure coincides with Norway and Equinor lobbying for production rights as the EU revises its Arctic policy.

bloomberg

2026-07-05

More Investors Add Pressure on EU to Ban Drilling in the Arctic

More Investors Add Pressure on EU to Ban Drilling in the Arctic

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