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Guidelines of the Arctic Oil & Gas’s policy in the Arctic Commons:
1) Carefully planned extraction of oil and natural gas from the Arctic Ocean commons by Arctic Oil & Gas can safely provide the world with much needed energy thus contributing to global energy security and the greater world peace.
2) Arctic Oil & Gas will make significant contributions to Arctic environmental safety, inter-government cooperation, regional Arctic stability and needed resource development and energy delivery predictability in the Arctic Ocean Commons region.
3) Arctic Oil & Gas will engage with the surrounding nations and the global community to help ensure the Arctic Ocean Commons oil and gas resources are developed fairly in such a way as to make the Arctic Ocean as a model region of global political peace and stability, providing increased global energy security, new prosperity for the surrounding communities and nations while practicing the highest possible environmental and safety standards.
4) Arctic Oil & Gas will share revenues and benefits with the surrounding communities and nations in an equitable and transparent manner.
5) Arctic Oil & Gas will help fund efforts to study, protect and manage the living marine and wildlife resources of the Arctic Ocean in a way that safeguards the interests of the environment for the benefit of all mankind.
6) Arctic Oil & Gas will invite the world’s foremost experts and organizations to join with the Consortium to ensure that the Arctic development is always at the technological development forefront in this exciting new era of arctic oil and gas exploration and development as is already happening in the lower Arctic, in a way that takes full account of the special needs and vulnerabilities of the vulnerable Arctic environment.
7) Arctic Oil & Gas will work with governments, organizations and agencies to provide a solid environmentally and commercially viable framework for exploiting petroleum potential in the Arctic Ocean commons while also protecting the sensitive environment in the Arctic region. Within a framework of sustainable oil and gas development and ecosystem based resource management, considerations to the different needs and requirements of the Arctic communities and oil and gas industries need to be balanced. For Arctic petroleum activity this means that the agreed exploration and operating framework conditions in the Arctic must be predictable. An Arctic Ocean wide Consortium development approach will ensure that the needs of the environment as a whole will be better met.
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