Arctic Ocean - resources, claims, and talks
Monday, May 26, 2008 8:46:01 AM
The Arctic seabed is thought to hold 25 percent of the world's undiscovered oil and gas. The rivalry, and tensions over Arctic resources, has heated up as melting polar ice makes the region more accessible with scientists saying the Northwest Passage could open up to year-round shipping by 2050. Global warming presents "new challenges" for the protection of the fragile Arctic environment.