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Wednesday, August 1, 2007

Russia dives for oil, gas at the North Pole

A Russian scientific expedition to the north pole also has political and economic goals, with the Russians planning to deposit a flag at the bottom of the sea. The team hopes to prove that the Lomonosov Ridge, a 1,240-mile underwater mountain range that crosses the polar region, is a geologic extension of Russia, and therefore can be claimed under the U.N. Convention on the Law of the Sea. Denmark also believes the ridge is an extension of their territory, while Canada seeks to maintain sovereignty over the region and is planning to invest $7 billion in a fleet of patrol vessels. The American government is also contemplating an investment in the Coast Guard's ice breaking fleet in order to protect it's interests. Looks like more than global warming is heating things up at the pole... let's hope that Megatron isn't disturbed by all the activity! CNN story here.