United Nations data show that temperatures in the arctic circle have increased twice as fast as the rest of the globe; that has led to shrinking ice sheet, i.e., 22% less in summer 2006 than in summer 2005.As a result of this melting, large companies are preparing to benefit by the opening of sea channels near arctic circle; these companies are investing in the necessary reinforced vessels to take advantage of these openings.
These new sea channels will mean increased efficiency in delivering goods around the globe and therefore reduce the cost of some goods. A 11,000 mile trip will be reduced to 7,000 miles and will save over $800,000 in fuel and labor costs. Investment in reinforced vessels, needed to make these arctic journeys, continues to increase each year.
The number of Canadian arctic journeys increased from 78 in 2005 to 132 in 2006.
The dearth of resources for cleanup will undoubtedly contribute to ecological damage when the inevitable disaster ensues. Our oil, wheat, and mineral costs may come down, but at what price?
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