Russia, Canada in Rivalry Over Arctic Resources
By THE ASSOCIATED PRESS, published: September 16, 2010
MOSCOW (AP) — The foreign ministers of Russia and Canada both said Thursday they expect the United Nations to rule in favor of their nations’ respective rival claims to Arctic resources.
Russia, the U.S., Canada, Denmark and Norway have all been trying to assert jurisdiction over parts of the Arctic, which is believed to contain as much as a quarter of the Earth’s undiscovered oil and gas.
Canada’s Lawrence Cannon and Russia’s Sergey Lavrov said after talks here Thursday that both nations claim the Lomonosov Ridge under the Arctic as an extension of their respective continental shelves.
The dispute has intensified amid growing evidence that global warming is shrinking polar ice, opening up new shipping lanes and new resource development opportunities
The Artic Ice is melting rapidly–at the fastest rate in history–and the countries surrounding the Artic want to bring up more oil and gas to make the planet heat faster!
Anyone who thinks that there is a chance to stop global warming had better read this article…
Lavrov said an agreement signed Wednesday by Russia and Norway to delineate their border in the energy-rich Barents Sea set an example for settling conflicting claims.
Russia’s Lavrov, meanwhile, warned against NATO boosting its presence in the Arctic. ”I don’t think it would be right for NATO to assume the right to determine … how to make decisions in the Arctic,’‘ he said.
Cannon said that while Canada is not looking to militarize the Arctic dispute, it intends to ”assert sovereignty” over some parts of the Arctic to ensure the security of its borders.
Threats of war over a sea of hydrocarbon fuel. When it comes to money, life is secondary.