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Geopolitics of Energy (A 2008 United States Geological Survey estimates…
Geopolitics of Energy
A 2008 United States Geological Survey estimates that areas north of the Arctic Circle have 90 billion barrels of undiscovered
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Law of the Sea Convention provides each country an exclusive economic zone extending 200 miles out from its shoreline.
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Arctic exploration less attractive because of tar sands, shale gas, shale oil which is easier to transport
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Arctic Fossil Fuels
Canada
Discoveries were made in the Canadian Arctic but were considered insufficient to start recovering development
Conflict over the Beaufort Sea #
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United Nations Convention on the Law of the Sea established in 1994 # #
USA not signed up to it
Fears the UN, and does not want to lose reserves
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Indigenous Sami people have spoken out against the plans in Russia in relation to protecting wildlife
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