Future Arctic: More Mining, More Shipping And More Tourists

2015-03-27T09:35:03+00:00 March 27, 2015|
As the Arctic thaws, northern nations dream of a new economy. (Credit: Mat Che/Flickr)

(Click to enlarge) As the Arctic thaws, northern nations dream of a new economy. (Credit: Mat Che/Flickr)

In one of this nation’s northernmost cities and at the close of a winter that citizens here have called unusually mild, foreign ambassadors spoke of their nations’ hope to do business in the Arctic, Finnish spokesmen outlined their plans to attract international money, and business owners burnished their cases for investment in the polar north.

(From Scientific American / by Benjamin Hulac)– “Nordic lights is a good example of business actually nowadays,” Juha Mäkimattila, the chairman of the Lapland Chamber of Conference, said at a dinner for foreign guests Wednesday, with a slideshow of aurora borealis photographs thrumming behind him. “We can actually make money on the northern lights from people from new parts of the world.”

At the two-day Arctic Business Forum, hosted by the Lapland chamber, delegations from more than 20 nations, most which do not border the Arctic Circle, said the tone reflected a robust appetite for economic expansion, natural resource extraction and an optimistic prognosis for strong tourist spending.

Meeting in a city that advertises itself on its website as “The Official Hometown of Santa Claus,” most speakers alluded to environmental management but didn’t get into the problems of melting permafrost or the additional threats of future oil spills or the loss of species.

On both days, the tone was bullish. Diplomats from global trade and economic powers signaled their governments’ growing interest in Arctic transit and heavy shipping in the Arctic Ocean.

Read the full article here: http://www.scientificamerican.com/article/future-arctic-more-mining-more-shipping-and-more-tourists/