Summary
CONSIDER three recent events, each highly significant for Scotland's economic and political future. At the start of the week, Cairn Energy, the Edinburgh oil company, announced it had struck petroleum in the deep, untapped waters between Greenland and Canada. Cairn is the only producer currently granted permission to explore in this virgin region. It is the first hard evidence that the Arctic is about to become the new energy frontier and Scotland is doing the finding.
The second historic event took place last week when the Nordic Barents, a Danish cargo ship, made a successful voyage through the melting waters of the Northwest Passage carrying iron ore from Norway to China. The Nordic Barents is not the first ship to pass through but it is the first foreign-registered vessel Russia has allowed to make the voyage between two non-Russian ports. The Northwest Passage is now a commercial reality. Within a generation the focus of global maritime transport will switch to the seas just north of Scotland.See the full content of this document
Extract
Why Scotland Must Not Miss the High North Boat
The third event is going in Moscow at this very moment - an international conference aimed a divvying up the Arctic and its mineral riches. Represented are Russia, Norway, Canada, Denmark and America, each of which has laid claim to terri...
See the full content of this document
Sponsored links
