Arctic: Last Giant Oil Frontier or Environmental Catastrophe?

London, UK - 21st February 2008, 11:52 GMT

Dear ATCA Colleagues

[Please note that the views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. ATCA conducts collective Socratic dialogue on global opportunities and threats.]

The Arctic sea bed holds billions of barrels of oil and natural gas -- up to 25% of the world's undiscovered reserves according to the US Geological Survey. Oil experts are calling the region the next Saudi Arabia. There is rising access to the trillion dollars in oil and natural gas reserves beneath the semi-frozen sea. Is it right to profit from this bounty especially in the context of the environmental catastrophe that is likely to ensue not just in the Arctic region but also across the entire world as the ice melts away faster with accelerating human intervention causing greater climate chaos?

[CONTINUES] [ATCA Membership]


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