Race Is On as Ice Melt Reveals Arctic Treasures
With Arctic ice melting at record pace, the worldâ€™s superpowers are increasingly jockeying for political influence and economic position in outposts previously regarded as barren wastelands.
At stake are the Arcticâ€™s abundant supplies of oil, gas and minerals that are, thanks to climate change, becoming newly accessible along with increasingly navigable polar shipping shortcuts. This year, China has become a far more aggressive player in this frigid field, experts say, provoking alarm among Western powers. While the United States, Russia and several nations of the European Union have Arctic territory, China has none, and as a result, has been deploying its wealth and diplomatic clout to secure toeholds in the region.