Financial Times FT.com

Untapped riches prompt fears of land grab

By Joshua Chaffin

Published: November 21 2008 01:16 | Last updated: November 21 2008 01:16

Long frozen both politically and geographically, the Arctic is rapidly thawing into another slippery terrain on which Europe’s twin desires to both preserve a planet in peril and secure a share of its dwindling resources are now playing out.

On Thursday, the European Com­mission made its most sub­stantive effort to reconcile those competing agendas with the release of an Arc­tic initiative that urges nations to establish a bet­ter system of international governance for the re­gion, to protect its environment and native people and to com­mit themselves to harvesting its re­sources sustainably.

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