Showing posts with label natural resources. Show all posts
Showing posts with label natural resources. Show all posts

Tuesday, December 10, 2013

What's Up with the North Pole?



In an effort to assert its sovereignty in the resource-rich Arctic, Canada plans to make a claim to the North Pole. 

The Canadian government has asked scientists to work on a future submission to the United Nations claiming that the outer limits of the country's continental shelf include the pole, which so far has been claimed by no one.

Currently, under international law, Canada, Denmark, Norway, Russia and the U.S. —the five countries with territories near the Arctic Circle are allotted 200 nautical miles from their northern coasts. 

Under the U.N. Convention on the Law of the Sea, exclusive claims can be vastly expanded for Arctic nations that prove that their part of the continental shelf extends beyond that zone.

Canada's submission set out the potential outer limits of the country's continental shelf in the Atlantic — a claim of about 1.2 million square kilometers.  The countries follow up submission would extend Canada's claim 200 nautical miles beyond the North Pole.  These submissions would give Canada control of the regions natural resources, which, according to the U.S. Geological Survey contains 30 percent of the world’s undiscovered natural gas and 15 percent of oil. 

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