About us

The Arctic Economic Council (AEC) is an independent organization that facilitates Arctic business-to-business activities and responsible economic development through the sharing of best practices, technological solutions, standards, and other information.

We work to facilitate responsible business and economic development of the Arctic and its communities. Our goal is to share and advocate for best practices, technological solutions, and standards. We support market accessibility and provide advice and a business perspective to the work of the Arctic Council. Our members represent a wide range of businesses operating in the Arctic—from mining and shipping companies to reindeer herding and indigenous economic development corporations. This mix of interests across business sectors ensures that our work is carried out in an inclusive and sustainable manner. Representing the wide variety of Arctic businesses, it is important for the AEC to also be the voice of small and medium sized enterprises.

We represent the true depth of Arctic know-how. Among our representatives we have experience in doing business across the Arctic. Local knowledge is often key in operating in the Arctic. Engaging with the AEC gives you the opportunity to access both local and indigenous knowledge.

The AEC is open to corporations, partnerships and indigenous groups that have an economic interest in the Arctic. We are open to membership applications from Arctic and sub-Arctic entities. For further information on how to become a member of the Arctic Economic Council, please click “Membership” underneath and feel free to contact the AEC Secretariat: info@arcticeconomiccouncil.com .

The Arctic Economic Council (AEC) was created by the Arctic Council during the 2013-2015 Canadian chairmanship. The AEC held its inaugural meeting in Iqaluit, Nunavut on September 2-3, 2014.

AEC VISION
To make the Arctic a favourable place to do business

AEC MISSION
To facilitate sustainable Arctic economic and business Development

AEC GOALS

  • Facilitate responsible business and economic development of the Arctic and its communities
  • Share and advocate for best practice, technological solutions, and standards
  • Support market accessibility
  • Provide advice and a business perspective to the work of the Arctic Council

The five overarching themes form the basis of the work of the AEC. They are identified by the Arctic business community.

  1. Establishing strong market connections between the Arctic states
  2. Promoting stable and predictable regulatory frameworks
  3. Encouraging public-private partnerships for infrastructure investments
  4. Facilitating knowledge and data exchange between industry and academia
  5. Traditional indigenous knowledge, stewardship and focus on small businesses

The circumpolar business community represented in the AEC have identified the following selected business areas as the AEC’s focus areas:

Infrastructure and related matters including:

  • Maritime transportation
  • Communications and IT
  • Aviation

Energy, including oil, gas and renewable sources

Mining

Tourism

Fishing and aquaculture

Human Resources Investments and capacity building

The Arctic Economic Council’s work is driven by Working Groups established on particular sectors and overarching themes.

The first four Working Groups of the AEC are:

  • Infrastructure: Maritime Transportation
  • Infrastructure: Telecommunications
  • Responsible Resource Development
  • Arctic Stewardship

Read more about the Working Groups here.

The AEC is open to corporations, partnerships and indigenous groups that have an economic interest in the Arctic. There are four membership groups:

  1. Legacy Members: Legacy membership includes 3 business representatives from each Arctic state and 3 representatives from each Permanent Participant organization. This is the voting membership of the Arctic Economic Council.
  2. Southern Partner: Global focus is shifting North and there is growing interest by non-AEC members to participate in the AEC. If we are true to the “AEC Way” of building on the pillars of collaboration, partnership, innovation and peace, it is imperative for the AEC to provide sub-Arctic stakeholders an opportunity to participate, interact and collaborate with the Legacy Members of the AEC.
  3. Northern Partner: Larger businesses domiciled or with their business headquarters located within an Arctic state may join the AEC family at this level.
  4. Permafrost partner: Micro, small and medium businesses support the “active layers” in our remote Arctic communities. They bring an important perspective about doing business in the Arctic. They deserve an opportunity to have a voice within the AEC. The Permafrost Partner is designed for micro, small or medium businesses with 99 employees or less with their business domiciled or headquarters located within an Arctic state.

Read more:

Membership Application Process and Membership Terms and Conditions

Membership Application

The Arctic Economic Council Annual Meeting 2016 adopted the following foundational documents:

The Arctic Economic Council (AEC) is an independent organization created by the Arctic Council. Its purpose is to facilitate Arctic business-to-business activities and responsible economic development. Through the sharing of best practices, standards and innovative solutions the AEC will promote responsible economic development in the Arctic. The AEC will reflect accurately the significance of current Arctic business activity and serve as the synthesis of Arctic business perspectives for consideration by the Arctic Council.

AEC VISION:

To make the Arctic a favorable place to do business

AEC MISSION:

To facilitate sustainable Arctic economic and business development

AEC GOALS:

  • Facilitate responsible business and economic development of the Arctic and its communities
  • Share and advocate for best practices, technological solutions, and standards
  • Support market accessibility
  • Provide advice and a business perspective to the work of the Arctic Council

THE FIVE OVERARCHING THEMES:

The following five overarching themes were identified by the Arctic business community. They form the core of the AEC’s work.

  • Establishing strong market connections between the Arctic states
  • Promoting stable and predictable regulatory frameworks
  • Encouraging public-private partnerships for infrastructure investments
  • Facilitating knowledge and data exchange exchange between industry and academia
  • Traditional indigenous knowledge, stewardship and a focus on small businesses

For more information about the AEC, please read the AEC flyer.

AEC EXECUTIVE COMMITTEE:

The AEC Executive Committee shall oversee the strategy and implementation of AEC activities, including through the establishment of additional working groups, and provide direction to the Secretariat.

AEC GOVERNANCE COMMITTEE:

The AEC Governance Committee means the committee formed to manage and control all of the governance affairs of the AEC. Each national AEC organization and each Permanent Participant organization may appoint one Representative as a voting member of the AEC Governance Committee.

INTERVIEW REQUESTS:

For interview requests, please contact the office of the Secretariat: info@arcticeconomiccouncil.com

 

 

Executive Committee

The work of the Arctic Economic Council is guided by the members of the Executive Committee:

Tara Sweeney

Tara Sweeney

AEC Chair, Inuit Circumpolar Council (ICC)

Tara Sweeney is the Executive Vice President of External Affairs for Arctic Slope Regional Corporation, and is responsible for all facets of the corporation’s media and government relations and communications. Arctic Slope Regional Corporation is the largest locally-owned and operated business in Alaska, with revenues in excess of $2 billion and more than 10,000 employees worldwide.

Sweeney has been honored for her advocacy of Alaska Native rights and promoting local programs that focus on cultural values, practices, and traditions. Tara was honored in 2008 as a “Top 40 Under 40” business leader by the Alaska Journal of Commerce, and has served on numerous business and non-profit boards, including the Alaska Federation of Natives. Company website.

Tero Vauraste

AEC Vice Chair, Finland

Mr. Tero Vauraste is the President and CEO of Arctia Ltd, a Finnish company that provides icebreaking, ice management, oil recovery and specialized multipurpose vessel services. He has long experience in senior executive positions within the traffic service cluster including safety and security, aviation and car rental. Company website.

Evgeniy Ambrosov

AEC Vice Chair, Russian Federation

Evgeniy Ambrosov is Senior Executive Vice President & Chief Operating Officer of PAO Sovcomflot, Russia’s largest shipping company and one of the world’s leading transporters of energy by sea. He joined the company in June 2009, with responsibility for commercial fleet operations, including a sophisticated fleet operating in the harsh environments of the Far Eastern and Arctic seas and for developing the potential of the Northern Sea Route for large tankers’ transits. A graduate of the Maritime State University in Vladivostok, Russia (1979), Mr. Ambrosov worked for nearly 30 years in Russia’s Far Eastern Shipping Company, rising from the position of Cargo Superintendent to President & CEO of the company. Company website.

Erling Kvadsheim

AEC Vice Chair, Norway

Erling Kvadsheim is Director, international affairs at the Norwegian Oil and Gas Association. He has spent his entire career in the oil and gas sector and knows the industry and the issues that are important for this sector thoroughly. Company website.

Róbert Guðfinnsson

AEC Vice Chair, Iceland

Róbert Guðfinnsson is the principal of the biotech company Genis hf. located in Siglufjordur, Iceland only steps away from the Arctic Circle. He is also the Chairman of Raudka ehf that has lead the biggest investment in tourism in northern Iceland. His prior background includes Chairman position of the fishing company Rammi and marketing company Icelandic Group along with many senior executive positions within the seafood industry worldwide.

Mr.Guðfinnsson was honored as the business person of the year by Iceland premier business magazine in 2014. He has been noted for his advocacy of socially responsible capitalism and has held countless talks on the concept and its connection to Iceland’s small communities.

Governance Committee

The Governance Committee shall manage and control all of the governance affairs of the AEC.

The Governance Committee consists of one representative from each Arctic State and Permanent Participant organization

Anders Oskal

-

Anders Oskal is Executive Director of the International Centre for Reindeer Husbandry, working to contribute to maintenance and development of a sustainable reindeer husbandry in the circumpolar areas.

Representative for: Saami Council

Evgeniy Ambrosov

AEC Vice Chair

Evgeniy Ambrosov is Senior Executive Vice President & Chief Operating Officer of PAO Sovcomflot.

Representative for: Russian Federation

Tara Sweeney

AEC Chair

Tara Sweeney is the Executive Vice President of External Affairs for Arctic Slope Regional Corporation, and is responsible for all facets of the corporation’s media and government relations and communications.

Representative for: Inuit Circumpolar Council (ICC)

Thomas Mack

-

Mr. Mack is the President of the Aleut Corporation, one of the twelve Regional Native Corporations that were established in 1972 under the terms of the Alaska Native Claims Settlement Act (ANCSA).

Representative for: Aleut International Association (AIA)

Erling Kvadsheim

AEC Vice Chair

Director, international affairs, Norwegian Oil and Gas Association.

Representative for: Norway

Geordie Hungerford

-

Geordie Hungerford is senior legal counsel, corporate finance at a Canadian government securities regulator.

Representative for: Gwich'in Council International (GCI)

Róbert Guðfinnsson

AEC Vice Chair

Róbert Guðfinnsson is the principal of the biotech company Genis hf.

Representative for: Iceland

Ingmar Haga

-

Ingmar F. Haga is Vice President, Europe  for Agnico-Eagle Mines Limited and Managing Director Agnico-Eagle Finland OyCompany website.

Representative for: Finland

Lillian Hvatum-Brewster

-

Indigenous Community Relations & Development for ATCO Group.

Representative for: Canada

Mark Henderson

-

Mark Henderson is Chairman of Ericsson Canada.

Representative for: Sweden

Morten Glamsø

-

Since 2008 Morten Glamsø has been part of the Danish Shipowners’ Association, as a senior adviser.

Representative for: Kingdom of Denmark

Gail Schubert

-

President & CEO of Bering Straits Native Corporation (BSNC).

Representative for: United States of America

Grigory Ledkov

-

President of the Russian Association of Indigenous Peoples of the North, Siberia and the Far East (RAIPON).

Representative for: Russian Association of Indigenous Peoples of the North (RAIPON)

Jennine Jordan

-

Jennine Jordan serves as both Vice President and Special Assistant to the CEO at Gana-A’Yoo, Limited.

 

Representative for: Arctic Athabaskan Council (AAC)

Read more about...

Secretariat

The AEC Secretariat is located in Tromsø, Norway.