Climate change is redrawing the Arctic geopolitical map. Rising temperatures are causing permafrost and sea ice in the Arctic Circle to melt at an alarming rate. While this should be a worldwide cause for concern as its impact will have catastrophic consequences for the entire planet, the US, Russia, Canada, Denmark, Norway, Sweden, Finland and Iceland instead see it as an opportunity to gain access to natural resources and new trade routes.
The Royal Institute of International Affairs estimates the region could contain up to 90 billion barrels of oil. According to the US Geological Survey, a fifth of the world’s …read more
Source: The Descrier