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Keyword: arcticresources

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  • Arctic defrost opens resources and divisions

    02/08/2006 1:31:50 PM PST · by Ben Mugged · 2 replies · 285+ views
    The Australian ^ | January 30, 2006 | Anthony Browne, Davos
    IT is covered by thick ice, plunged into darkness for much of the year, and blasted by freezing winds. But the Arctic Ocean is being transformed by global warming from a no-man's-land into the front line of a scramble for resources. The melting of the ice pack is opening up vast reserves of offshore oil and gas, new shipping routes and fishing grounds, according to experts at the World Economic Forum. But the scramble for Arctic wealth is complicated by arguments over which countries have legal claim to the territory, plus border disputes, including those between Russia and the US....