Ny-Alesund research station is a base not just for the Norwegians, who have political jurisdiction, but also for British, Indian and Chinese scientists. Few believe the national bases – Beijing's has huge stone lions outside – are there just for science. They are symbolic political and economic stakes in the future of the Arctic.
Drilling is also under way in earnest off Greenland to the west and in the Barents Sea to the east of Svalbard. Oil price rises and melting ice caps have made the region more accessible for mining, shipping and drilling. Yet ownership of the Arctic seabed is far from clear. The drilling threatens to spark territorial disputes and sabre rattling, such as the bellicose noises made by Argentina over British companies seeking oil off the Falkland Islands.
The Arctic Council is largely composed of states surrounding the Arctic Ocean and territorial disputes – for example, between Canada and the US over seaways – are all being handled through the UN convention on the law of the sea. They are determined to defend their right to introduce national oil regulations. Norway's state energy company, Statoil, has its commercial compass pointing north, believing there is nothing to stop its deep water experience of the northern North Sea being safely applied to the Arctic or sub-Arctic.
Diana Wallis, a British lawyer and former MEP explains "Like it or not, what is happening in the Arctic and how it is dealt with becomes everyone's business," said Wallis. "This is an issue which Norway and other Arctic states have to accommodate. A growing number of players have a legitimate interest in what happens in the Arctic and therefore the governance regime there."
http://www.guardian.co.uk/world/2012/jun/05/arctic-oil-rush-dangers-svalbard
Drilling is also under way in earnest off Greenland to the west and in the Barents Sea to the east of Svalbard. Oil price rises and melting ice caps have made the region more accessible for mining, shipping and drilling. Yet ownership of the Arctic seabed is far from clear. The drilling threatens to spark territorial disputes and sabre rattling, such as the bellicose noises made by Argentina over British companies seeking oil off the Falkland Islands.
The Arctic Council is largely composed of states surrounding the Arctic Ocean and territorial disputes – for example, between Canada and the US over seaways – are all being handled through the UN convention on the law of the sea. They are determined to defend their right to introduce national oil regulations. Norway's state energy company, Statoil, has its commercial compass pointing north, believing there is nothing to stop its deep water experience of the northern North Sea being safely applied to the Arctic or sub-Arctic.
Diana Wallis, a British lawyer and former MEP explains "Like it or not, what is happening in the Arctic and how it is dealt with becomes everyone's business," said Wallis. "This is an issue which Norway and other Arctic states have to accommodate. A growing number of players have a legitimate interest in what happens in the Arctic and therefore the governance regime there."
http://www.guardian.co.uk/world/2012/jun/05/arctic-oil-rush-dangers-svalbard
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