A new cold war
From all appearances, Russia is poised to leave Canada out in the cold in the race for Arctic resource supremacy
Russia could beat Canada and the United States in the race for dominance over the Arctic's vast hydrocarbon potential if a special United Nations (UN) commission recognizes-perhaps as early as 2012-Russia's right to the extensive Lomonosov Ridge under the Arctic Ocean. Such recognition could give Russia control of up to 60 per cent of any hydrocarbons found in the High Arctic.
