Climate change is causing Arctic sea ice to recede, opening up lucrative economic opportunities but pitting great powers against each other in a race for influence.
President Donald Trump has warned that the U.S. will not allow non-Arctic nations to interfere in the region, which is fast becoming the next battleground for great power competition.that the U.S., Finland and other Arctic nations were working together"to advance stability, freedom of navigation and respect for national sovereignty in the Arctic," where new economic opportunities and political tensions are emerging as a result of climate change.
Trillions of dollars worth of untapped oil, natural gas and other resources could be uncovered as the ice melts. The nations that make up the Arctic Council—Canada, Denmark, Finland, Iceland, Norway, Sweden, Russia, and the U.S.—are all eyeing the opportunities.But China—which refers to itself as a"near-Arctic state"—also wants a piece of the action, despite not being an Arctic nation.
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