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Canada 'Arctic passage' still a ways off: transportation minister

2014-03-25 21:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Logistical challenges to large-scale sea shipments within the Arctic Circle mean such trade will not be a near-term rival to existing routes, a senior Canadian official said on Tuesday. Insurance companies are beginning to weigh the hazards of sea traffic across waterways in northern Canada and investors are mulling the potential using Arctic trade routes, said Canadian Transportation Minister Lisa Raitt. "It is not imminent but it is possible," she said in Washington. Shippers could trim...

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