TY - SER AU - Prado,Larry TI - Arctic exploration continues: Unfortunately, during the past year, a number of major banks announced they would not finance major Arctic development projects PY - 2021/// CY - PB - N2 - According to the U.S. Energy Information Administration (EIA), the Arctic could hold about 22% of the world’s undiscovered conventional oil and natural gas resources. The area above the Arctic Circle encompasses about 6% of the Earth’s surface area. While the Arctic is about the size of the African continent, most of the resource area is oceanic. About 33% of the Arctic is occupied by land. Another 33% of the Arctic consists of offshore continental shelves located in less than 500 m of Arctic Ocean water. The remaining 33% of the Arctic is in Arctic Ocean waters deeper than 500 m UR - https://epplus.hartenergy.com/issue/february-2021/arctic-exploration-continues/ ER -