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1. What does the phrase as a licence to lose money convey
(A): As countries have deliberately lowered the price of oil, Russian oil companies are in financial trouble.
(B): Exploring the energy in the Arctic is expensive and may not be profitable for companies.
(C): It is very difficult to obtain requisite permissions to explore the Arctic region.
(D): Mining for minerals in the Arctic poses risks to the health and lives of explorers.
(E): The penalties for polluting the Arctic are very heavy.
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