Once the Icecap melts away because of global warming...
As the Arctic icecap thins due to global warming, a race is looming to claim ownership of the rich energy resources under the North Pole.
At present, no country is deemed by the International Seabed Authority to have geological structure beneath the pole - so no country owns it. While Russia has yet to restake its claim, news that it might has already provoked protests from Canada, the US, Norway and Denmark.
My take on this is that if we (Global community) allow this type of claim to be ratified, then what are we saying about the importance of the icecap and environment...what insentive would there be to preserving it, if the prospects of gaining Trillions of dollars for the country that can extract it.. at the cost of expaditing the melt and possibility of submerging huge swaths of low-lying regions from Florida to Bangladesh.
Tags: