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Latest Arctic Resources Stories

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2009-03-27 08:45:00

Russia is jumping into the pack of those taking advantage of the natural resources of the Arctic, now vulnerable from global warming, the Kremlin's special representative said. Scientists note the ice is melting so quickly that drilling for oil and gas high in the Arctic will soon become normal and sea transportation between the Atlantic and Pacific will be much faster than the currents routes. This profitable scenario has started brutal competition between nations with Arctic coastlines to...

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2008-09-18 12:20:00

Since announcing its intent to pursue its share of oil, gas and precious metals in the Arctic late last week, Russia has escalated the race against Canada, Denmark, Norway and the United States to become the first country to cash in its claim of energy-rich land. "We must finalize and adopt a federal law on the southern border of Russia's Arctic zone," said Russian President Dmitry Medvedev during a meeting of the Security Council. "This is our responsibility, and simply our direct duty, to...


Word of the Day
ramage
  • Boughs or branches.
  • Warbling of birds in trees.
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