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How the melting Arctic could lead to huge riches—but also a world war
New York Post Excerpt
June 25, 2022
Santa’s getting company.
Fast-melting sea ice has opened a potential new Arctic shipping lane across the North Pole, which will give powerful nations easier access to the frozen zone’s vast riches — but has also sparked fears of war.
The Arctic Council predicts that, during the summers, sea ice will be gone by 2040 — allowing for a major new seasonal passageway. This Transpolar Sea Route (TSR) would be the fastest way to get around the region and could spur a spike in mining, drilling and trade over the next quarter-century.
Territorial stakes are yet to be sorted out. The US, Russia and six other countries — Canada, Denmark, Finland, Sweden, Iceland and Norway — are jockeying for claims to the surrounding area’s oil, gas and rare-earth minerals and metals: precious resources needed to power computers, phones, electric cars and satellites. China, meanwhile, is claiming “near Arctic” status so it, too, can benefit from the wealth of the region.
“Today is a pivotal moment that is going to reshape the energy market and the supply chain,” said Rebekah Koffler, an intelligence analyst and author of “Putin’s Playbook: Russia’s Secret Plan to Defeat America.”
More : How the melting Arctic could lead to huge riches—but also a world war
New York Post Excerpt
June 25, 2022
Santa’s getting company.
Fast-melting sea ice has opened a potential new Arctic shipping lane across the North Pole, which will give powerful nations easier access to the frozen zone’s vast riches — but has also sparked fears of war.
The Arctic Council predicts that, during the summers, sea ice will be gone by 2040 — allowing for a major new seasonal passageway. This Transpolar Sea Route (TSR) would be the fastest way to get around the region and could spur a spike in mining, drilling and trade over the next quarter-century.
Territorial stakes are yet to be sorted out. The US, Russia and six other countries — Canada, Denmark, Finland, Sweden, Iceland and Norway — are jockeying for claims to the surrounding area’s oil, gas and rare-earth minerals and metals: precious resources needed to power computers, phones, electric cars and satellites. China, meanwhile, is claiming “near Arctic” status so it, too, can benefit from the wealth of the region.
“Today is a pivotal moment that is going to reshape the energy market and the supply chain,” said Rebekah Koffler, an intelligence analyst and author of “Putin’s Playbook: Russia’s Secret Plan to Defeat America.”
More : How the melting Arctic could lead to huge riches—but also a world war