The US-led GLACIER environmental conference in Anchorage ended with a joint declaration calling for more international action to tackle climate change. But Russia (the world’s leading oil and gas producer), China (the world largest producer of goods), and India with its huge emerging economy opted not to sign the document, however nonbinding it might appear. For China and India reducing emissions entails huge expenditure and loss of economic effectiveness, and for Russia the upcoming environmental deal brings additional costs to the oil and gas extraction industries. Moscow is boosting Russia’s presence in the Arctic, including militarily, for at least two reasons: future hydrocarbons extraction and the Northern Sea Route, a much shorter way from Asia to Europe, which could soon be operable year-around because of less ice in the Arctic Ocean.Read more here.
Jennifer Griffin reports for Fox News,
While visiting Alaska and becoming the first American president to enter the Arctic Circle, President Obama announced Tuesday he would speed up the acquisition of icebreakers to help the U.S. Coast Guard navigate an area that Russia and China increasingly see as a new frontier. The announcement is the latest power play in the Arctic north, where melting ice has led to a race for resources and access. Forty percent of the world’s oil and natural gas reserves lie under the Arctic. Melting ice also would lead to new shipping routes, and Russia wants to establish a kind of Suez Canal which it controls. More than a Cold War, Russia may be preparing for an Ice War, and the Pentagon is taking note.read more here.
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