Declining Arctic Ocean oil and gas developments: Opportunities to improve governance and environmental pollution control

Abstract There has been global interest in the exploitation of rich hydrocarbon resources in the Arctic for decades. However, recent low oil prices, a low carbon economy climate agenda, and technical challenges of Arctic oil extraction have curbed interest in these Arctic resources. Despite a recent reluctance to explore and develop an offshore Arctic drilling industry, a resurgence in oil and gas prices could spark renewed interests that could pose unacceptable risks of pollution from oil spills. These risks are further compounded by complex governance and sovereignty issues between circumpolar nations. This paper (i) compares cycles of Arctic hydrocarbon exploration and exploitation activity with global energy prices; (ii) outlines current pollution abatement techniques under pan-Arctic national regulations to identify potential gaps; (iii) describes current international frameworks for Arctic governance to highlight how problems could arise if offshore oil drilling returns to the Arctic and associated spills migrate to international waters; and (iv) provides policy recommendations to aid both national and international policy-makers regarding pollution abatement methods for future Arctic drilling.