A Nordic coalition of financial institutions, trade unions, and climate scientists has urged the European Commission to maintain its ban on new Arctic oil and gas drilling, citing environmental concerns and security threats due to proximity to Russia. The letter warns that expanding drilling could harm ecosystems and increase vulnerability to sabotage. The coalition advocates for a focus on renewable energy and domestic electrification instead of fossil fuel dependency. Norwegian energy company Equinor supports updating the Arctic strategy but opposes a complete moratorium on exploration.