European Parliament Library

ARCTIC NARRATIVES AND POLITICAL VALUES, RUSSIA, CHINA AND CANADA IN THE HIGH NORTH, Iona Allan, [and three others]

Classification
1
Creator
1
Content
1
Other version
1
Label
ARCTIC NARRATIVES AND POLITICAL VALUES, RUSSIA, CHINA AND CANADA IN THE HIGH NORTH, Iona Allan, [and three others]
Language
eng
Index
no index present
Literary form
non fiction
Main title
ARCTIC NARRATIVES AND POLITICAL VALUES
Nature of contents
dictionaries
Responsibility statement
Iona Allan, [and three others]
Sub title
RUSSIA, CHINA AND CANADA IN THE HIGH NORTH
Summary
With almost 30% of the world's remaining natural gas supply and 13% of oil located under the Northern Polar ice, the Arctic represents a place of great untapped potential.1) After the record-breaking summer ice melts of 2007 and 2012, previously impassable stretches of Arctic waters became ice-free and navigable for the first time. This allowed oil companies to send drilling ships northward and begin the first phases of oil and gas extraction. The decline of Arctic sea ice also significantly impacts the global shipping trade, opening up shorter and more lucrative trade routes between Asia and Europe, and cutting nearly 4000 nautical miles from the route in the process. 2) For Russia and Canada, countries with extensive Arctic shorelines, the receding ice has also exposed significant vulnerabilities in their collective defense and security. Unrestricted passage through their internal Arctic waters means access to Russian and Canadian territory has increased exponentially. For some governments, however, the security risks and grim long-term environmental costs of the melting Arctic ice are dwarfed by the enormity of the short-term economic opportunities on offer. Commercial interests in the Circumpolar North have never been greater. And with such high economic stakes, efforts to secure political influence and regional access to the Arctic have increased dramatically
resource.translatedTitle
ARCTIC NARRATIVES AND POLITICAL VALUES – RUSSIA, CHINA AND CANADA IN THE HIGH NORTH, eng

Incoming Resources