Melting ice in the arctic is creating a new oil boom. Global warming is in the oil industry's interest.
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COPENHAGEN, Denmark (AP) -- Denmark plans to lay claim to the North Pole and other areas in the Arctic, where melting ice is uncovering new shipping routes, fishing grounds and drilling opportunities for oil and gas, a leaked government document showed Tuesday.
The draft document titled "Strategy for the Arctic" said Denmark's Science Ministry has started collecting data to formally submit a claim for those areas to the U.N. Commission on the Limits of the Continental Shelf no later than 2014. Russia, Norway, Canada and the U.S. have their own claims - sometimes competing - in a region believed to hold as much as 25 percent of the world's undiscovered oil and gas.
The Danish government confirmed the authenticity of the document, which was first obtained by Danish Radio and published online by newspaper Information.