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Icy Arctic rising as economic, security hot spot

2013-05-11 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: The icy Arctic is emerging as a global economic hot spot -- and one that is becoming a security concern for the U.S. as world powers jockey to tap its vast energy resources and stake out unclaimed territories. Diplomats from eight Arctic nations, including Secretary of State John Kerry, will meet next week over how to protect the thawing region as its waterways increasingly open to commercial shipping traffic. U.S. officials estimate the Arctic holds 13 percent of the world's undiscovered oil...

Tags: hot security economic spot

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